Case Study

MAX-169 for Aberdeen Standard Investments

BNP Paribas Real Estate assisted Aberdeen Standard Investments on a marketing campaign for the MAX-169 unit to secure a quick letting

The challenge

An immediate void was created in the client’s portfolio following Palmer & Harvey going into administration. As a result, a marketing campaign was needed within a short time period. 

 

The solution

Using our established relationships and market intelligence, we contacted a number of well-known occupiers to make them aware of the opportunity. Due to strong demand, we initiated a ‘best-bids’ tender process ahead of any landlord refurbishment. This led to securing a letting to Booker Retail Partners for a term of 15 years at a market leading headline rent, with minimal incentives given away. 

William Merrett, Associate Director, Industrial & Logistics

“Our team advised the landlord on the best strategy for re-letting the unit following Palmer & Harvey going into administration. We took on this instruction in January 2018 and had secured a letting by June 2018 to Booker Retail Partners.“
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