A new business hub with a projected end value of £400 million (approx. 461 million) and the capacity to create up to 8,000 jobs over the next decade is set to be created next to Aberdeen International Airport after Miller Developments exercised its option to acquire almost 93 acres of prime development land at Dyce Drive, Aberdeen.
Planning consent was granted in November 2012 for 1.4 million ft² (approx. 130,000 m²) of office, industrial and distribution space, making Miller's scheme one of the biggest office and industrial developments in Scotland for many years.
Miller Developments is also making a multi-million investment in the infrastructure required for the site (known as D2 Business Park), to ensure that fully serviced sites are immediately available for potential occupiers. Contracts have been awarded with work on the infrastructure due to commence this month.
Sandwiched between Aberdeen International Airport to the north and the A96(T) to the south, the site will benefit from superb transport connections. It will have direct access onto the new Airport Link Road connecting the Airport with the Aberdeen Western Peripheral Route, and be adjacent to the new 1,000 space Dyce Park & Ride.
David Milloy, Joint Managing Director, Miller Developments, said: "This acquisition demonstrates our confidence in the market and Aberdeen in particular. As the economy in Aberdeen continues to thrive and with the welcome news that the AWPR is proceeding, we believe the site is the perfect location to create a brand new area for business, servicing the city and beyond.
"With superb accessibility, planning consents in place and our investment in the necessary infrastructure, we are confident this will be an exciting proposition for businesses looking for a new or expanded base in Aberdeen.
"As a result, we have already had interest in the development from companies both within Aberdeen and abroad, and are confident of announcing our first deals with occupiers in the near future. We will continue to work closely with Aberdeen City Council and Transport Scotland as we move the development forward."
Source: Miller Developments