LGIM Real Assets (Legal & General), the owner of Union Plaza, has invested £1.75m in refurbishing the prestigious office building to meet demand for more flexible and creative, high quality work spaces in Aberdeen city centre.
The premium office building has undergone extensive refurbishment under Legal & General’s flexible leasing initiative, Capsule. This has included a new business lounge within the reception, flexible meeting rooms and break-out areas and a new coffee lounge to create ultra-modern and multi-purpose working spaces.
Ready for immediate occupation for tenants, Union Plaza currently has a variety of options including capsule suites from 2,000 sq. ft to larger suites measuring up to 8,500 sq.ft.
Designed to offer professional, self-contained office space with meeting rooms and kitchen facilities, the Capsule suites offer flexible lease terms for tenants and all-inclusive rental agreements which include fast, reliable broadband speeds.
The newly upgraded suites are being marketed by Knight Frank and Savills.
Matthew Park, associate at Knight Frank, said: “We recognise that office occupiers, irrespective of size and sector, are increasingly looking for a fast and easy leasing process which is fuelling the market for flexible ‘plug and play’ space with category B fit-outs completed.
“Legal & General’s Capsule initiative makes life easier for occupiers who simply want to move into high quality suites with minimal delay and without the hassle of having to furnish their new office space.”
Set within a landscaped courtyard in the heart of the city centre, Union Plaza gives tenants open plan office facilities with breath-taking views across the city.
Secure on-site underground car parking is available, with those preferring to cycle to work benefiting from bicycle storage and shower facilities across all six floors.
Dan Smith, director and head of office at Savills, added: “This prestigious building is already a thriving workplace and these improvements further cement its position as one of the most desirable business addresses in Aberdeen.
“Ideally located within the city centre and with a car parking ratio of 1 space per 535 square feet, these suites offer fantastic solutions to businesses of all sizes looking for modern and adaptable office accommodation.”
Andrew Mercer, office sector head at LGIM Real Assets, said: “Capsule is a re-imagined process offering flexible, high quality, furnished and work ready fitted office space throughout the UK. The refurbishment of Union Plaza, under this initiative is testament to our team’s ability to reshape existing buildings in prime regional locations to make them suitable for today’s modern working environment.”
The improved spaces in the facility, whose current occupiers include Aberdeen Standard Invest, Deloitte, AGR Group, Burness Paull, MOL and Trapeze, have already attracted significant interest from serviced office occupiers, professional services and oil and gas businesses across the city.