Change in ownership spells a new direction for Aberdeen office block
January 21 2021
Cater Group has taken possession of a 54,000sq/ft office block in Aberdeen ahead of redevelopment, the scale of which is yet to be determined.
Dating from 1970/1 Atholl House at 84-88 Guild Street has struggled to find tenants despite occupying a prominent position in the Denburn Valley, immediately north end of Aberdeen Station.
Cater Group client executive Glen Smith said: “It’s great to announce the acquisition of this site, it’s such a fantastic location in the heart of the city centre. This is a milestone for Cater Group, and an exciting opportunity to contribute to the regeneration of Aberdeen City Centre.”
The purchase spells the end for a Halliday Fraser Munro scheme to erect a 17-storey mixed-use tower on the site with Cater Group turning to their in-house architect and Aurora Planning to draft alternative proposals.
Plans for the redevelopment will be released shortly.