Local property developer, Carden Place Partnership Ltd., is set to significantly upgrade and refurbish one of Aberdeen’s most prestigious locations to create ultra-modern, flexible working space.
The Hive will be a multi-let facility at 1-5 Albyn Place that will provide a high degree of flexibility, sought-after by modern businesses.
The premium property, which comprises three buildings, will undergo an extensive refurbishment to create The Hive concept.
This includes an overhaul of the new entrance, cleaning and pointing of the impressive granite façade, as well as the creation of communal spaces and facilities that promote collaborative working between companies and employees.
Ready for tenants from June 2019, The Hive will offer suites ranging from 2,000 sq. ft.
Chris Grinyer, Managing Partner at Shepherd Chartered Surveyor said, “The address is currently one of the most sought-after buildings within Aberdeen. Following its refurbishment, the property will have the classic charm and prestige of a West End office but with the modern facilities required by today’s businesses.”
“Having an impressive 85 car parking spaces which is unheard of within the city centre, this has been a massive plus point for all interested parties. It’s no surprise that we’ve had a high level of interest within weeks of the property returning to the market.”
The property and the concept have already attracted significant interest from legal, oil and gas, and finance businesses who are seeking flexible and creative work spaces in Aberdeen city centre.
Jonathan Harper, Director at Carden Place Partnership said, “Times have changed in Aberdeen and it’s important that we adapt to meet our tenants’ expectations. With collaborative, flexible working on the rise, the need for open plan work spaces has increased.”
The Hive blends traditional with contemporary, featuring high quality granite buildings with imposing facades, modern rear extensions and open plan floorplates, providing a blank canvas for tenants to create a space that fits their business needs.
Jonathan Harper added, “This address has always acted as a benchmark for the commercial property market within Aberdeen. We are proud to see it return and hope to attract new businesses to the West End by offering alternative city centre business space.”
When fully occupied, The Hive will bring over 300 people to the West End, increasing footfall and spend within the city centre.