Vitality companies agency Kaseum Know-how has grown its footprint at Moorfield Group’s Aberdeen Vitality and Innovation Parks in Bridge of Don.
The owner and tenant have agreed lease renewal phrases and an growth, with Kaseum signing up for an additional 5 years in Items 1 and a pair of of the Vitality Growth Centre, within the power park, and including Unit 4.
It means Kaseum, which specialises within the design, improvement and manufacture of downhole instruments, has elevated its footprint by 30% to six,700 sq ft.
The corporate has 19 workers, has simply employed six extra and is seeking to tackle one other 5 subsequent 12 months.
The combo is roughly 50% analysis and improvement (R&D) and 50% manufacturing.
Kaseum managing director Paul Church mentioned: “We have now managed to come back by way of the Covid pandemic in a wholesome place and skilled elevated demand for our services and products.
“This growth will permit us to organise our electronics manufacturing extra effectively and in addition unlock area for our formidable R&D programme, supported by Scottish Enterprise and the Scottish Funding Financial institution.”
“With the ability to increase our operation on the power park is right for our enterprise necessities and presents continuity for our employees and purchasers. We’ve been based mostly right here for 4 years and are very happy with the prime quality and well-located area.”
Hugh Canham, head of asset administration at Moorfield Group, mentioned: “Concluding this take care of Kaseum may be very optimistic information for the parks, which have seen a flurry of occupiers committing to lease re-gears and expansions in latest months.
“We have now continued to spend money on the parks by way of the pandemic.
“We just lately launched our versatile workspace providing, which caters to a variety of occupiers, with the availability of standalone workplaces, serviced workplaces, co-working and workshops inside a safe and spacious atmosphere.”
Knight Frank and Ryden are joint brokers for the Aberdeen Vitality & Innovation Parks.
Matt Park, affiliate director at Knight Frank, mentioned: “With the return to the office in sight, the Vitality and Innovation Parks provide the right location for occupiers in search of further area in keeping with social distancing.
“The parks are situated conveniently near town centre, with ample automotive parking area and exquisite out of doors area.”
Acquired by Moorfield Group, on behalf of Moorfield Actual Property III Fund in September 2014, the parks comprise 200,000 sq ft of multi-let workplace and industrial area for greater than 80 corporations and almost 2,000 workers.
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