Westhill Industrial Property Development

Jan 2011 – Former Scottish Water vacant site acquired by Carnegie.

Feb 2011 – Detailed market research identified shortage of modern warehouse/office/yard for oil sector related companies in Aberdeen

Research also indicated short lead-in time requirement of oil sector businesses

Detailed planning application submitted and granted

Decision to build without a pre-let

Aug 2011 – Construction commenced

May 2012 – Construction of the new building completed

Lease terms agreed and completed with Ashtead Technology

• Rapid delivery of new commercial space
• Funding – Internal funding committed by Carnegie to speculative build

Dec 2012 – Sale of Let Investment