Lismore Real Estate Advisors have advised Remake Asset Management on the acquisition of Hydrasun’s HQ industrial complex at Aberdeen Gateway, Aberdeen.
The property comprises circa 110, 000 sqft of accommodation let to Hydrasun Limited on a full repairing and insuring lease until December 2040. The lease is subject to fixed increases in December 2027, December 2030 and December 2035. Hydrasun have occupied the premises since 2010 and have extended the lease term on two occasions, most recently in February 2023. Hydrasun are currently exploring expansion plans in and around the complex which will create further value to Remake Asset Management.
The price of £14.00 million reflects a net initial yield of circa 7.80%.
