These vacant commercial buildings in Perth were acquired in November 2017.
A lease surrender was agreed with a national tenant who was no longer in occupation and consent was secured for sub-division to create 8 units offering a variety of sizes and types of accommodation.
The buildings were stripped back to shell condition and comprehensively redeveloped.
Pre-lets were agreed on all the units for a variety of uses including offices, industrial, workshops, a fitness centre and a gymnastics club. We worked closely with all our tenants to ensure that we created accommodation that met their operational needs.
The development was completed in mid-2018 and PH2 Business Park is 100% occupied. Tenants include The Post Office, TPL Vision, Ace Gymnastics, Zenith Fitness, Perthshire Farmer & Producers, JM Customs and The Krooked Kat
Planning permission for 4 additional units has now also been secured.