EDINBURGH-based building and project consultancy Paragon has announced it is advising on the £1.8 million partial refurbishment of Aberdeen’s Union Plaza building.
The aim is to deliver a new type of office accommodation. Called ‘Capsule’, Paragon explained that the concept has been created by the building’s owner and manager, LGIM Real Assets. It is said to provide more flexibility in the leasing process, offering a range of ‘ready-made’ furnished facilities and ‘plug and play’ options to suit occupier needs.
Paragon was tasked with providing project management and contract administration services on the works.
In addition to the Capsule suites completed in phase one, work has now started on the second phase, which will see the reception area transformed and two further Capsule suites created on the ground floor.
David Philip, Paragon director and Edinburgh head of office said, “It is great to be involved with LGIM Real Assets on a project that is transforming the way office space can be utilised within Aberdeen city centre. Capsule is already proving popular at Union Plaza and is an excellent way for occupiers to move into high quality, fitted out suites on flexible terms. It will provide the platform for ambitious businesses to locate within the city centre, enabling job creation and further investment.”
Union Plaza’s occupiers include Aberdeen Standard Investments, AGR Group and Burness Paull. In February, LGIM Real Assets announced road and rail transport technology solutions supplier Trapeze Group as the first Capsule occupier.