29/07/2021, 6:00 am
The sale of Neptune Energy’s Aberdeen headquarters in May was the biggest investment deal in the city since the pandemic began.
Commercial property markets across the UK are booming – except in Aberdeen where sentiment about the local economy and the future of the energy market continued to give investors pause in the first half of the year.
Investment in Scottish commercial property increased by more than one-third (35%) compared to the same period last year during the first six months of 2021 as the market continued its recovery from the pandemic, according to analysis from Knight Frank.
However, Eric Shearer, partner with the property agency, said that sentiment about the Aberdeen market has been discouraging investment in the city. However, this is just starting to turn around, he said, as occupiers in the renewables sector and resurgent oil and gas prices start to affect the flow of property deals.
Scottish commercial property investment up a third
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