Moorfields appointed Administrators over leisure and office complex in Aberdeen
Leading property insolvency and restructuring specialists Arron Kendall and Simon Thomas of Moorfields were appointed as joint administrators over a c. 200,000 sq ft mixed use property development in the centre of Aberdeen on 15 January 2016.
The property includes a 107 room hotel, casino, cinema and gym, 50,000 sq ft of office space, a multi-storey car park and a number of retail units.
Arron Kendall said “The development occupies a key location in Aberdeen for those connected with the oil industry as well as for retail and leisure occupiers. The Scottish commercial market has had a positive first quarter with the value of property investments increasing. As oil prices return to more typical levels, the development will represent an excellent opportunity for investors.”
Moorfields have engaged APAM Limited to manage the asset and interested parties should contact William Grenfell on 020 7963 8847 / email@example.com for further information.
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