Land rental or sale services

Tender description

Aberdeen City Council are looking for expressions of interest from parties who may have an interest in acquiring a commercial property portfolio in individual lots or as a trading entity. The Council is investigating the option of offering for sale its portfolio of ground leases including industrial and development land. The portfolio has a good and strong asset base underwritten by industrial ground leases which offer secure income with limited risk. The portfolio currently generates an annual income of approximately 5 000 000 GBP. The portfolio on offer excludes some key strategic locations including city shopping centre leases, TECA and the recent new development at Marischal Square. The council are seeking to engage with the market to gauge market sentiment and interest should they chose to disinvest in part of their portfolio. We would also ask that you respond to this notice on the following points: — would the portfolio be attractive to you as one or multiple lots? — which property types would be most attractive to you? — what size(s) of lot (capital value) would be easiest to fund? — what number of units would you consider; — would you wish to purchase the portfolio as a land transaction or as a going concern? Please respond directly to STBooth@aberdeencity.gov.uk