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Soft Market Testing - Sale of Commerical Property Portfolio

Aberdeen City Council Published 30 Jan 2020 Public Contracts Scotland

key details

Value£45,000,000
Statusplanned
Category (CPV) 70320000 +4 more
RegionScotland
OCIDocds-r6ebe6-0000612601

description

Aberdeen City Council are looking for expressions of interest from parties who may have an interest in acquiring a commercial property portfolio in individual Lots or as a trading entity.

The Council is investigating the option of offering for sale its portfolio of ground leases including industrial and development land.

The portfolio has a good and strong asset base underwritten by industrial ground leases which offer secure income with limited risk. The portfolio currently generates an annual income of approximately 5 million GBP. The portfolio on offer excludes some key strategic locations including city shopping centre leases, TECA and the recent new development at Marischal Square.

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source

Published on Public Contracts Scotland. Contact details for named individuals are not reproduced on this site.