FOLLOWING a competitive tender process, Shepherd Chartered Surveyors has announced it has been appointed by FRP Advisory, the joint administrators of Countesswells Development Limited (CDL), to market a ‘substantial’ prime development site in Aberdeen.
The site was formerly owned by CDL, which went into administration at the end of last year.
The scheme comprises a new settlement to the west of Aberdeen city centre. The development is envisaged to provide in excess of 3,100 houses comprising a mix of mainstream and affordable housing in a range of two, three, four, five and six-bedroomed properties.
There will also be areas of commercial and employment land, and the construction of one primary school by Aberdeen City Council is well underway. On completion of the scheme, there will be a second primary school and a secondary school built. There will be various retail areas, including a shopping centre anchored by a 4,000 sq ft Sainsbury’s.
To date, circa 725 homes have been built at Countesswells by Stewart Milne, Barratt, David Wilson Homes, Kirkwood and CHAP Homes.
Aberdeen-based Shepherd managing partner Chris Grinyer said, “We are delighted to secure this major instruction to market this substantial prime development site due to our acknowledged established presence and performance in this competitive market sector. The local market is showing real signs of improvement, reflecting increased economic activity in the area, and we anticipate that this will result in good interest being generated in Countesswells.”
Tom MacLennan of FRP Advisory, joint administrator of CDL, added, “Following on from securing the development site, we are now in a position to bring this unique development to the market. This is an opportunity for developers to acquire a substantial prime development in Aberdeen and progress it to a conclusion.”
Shepherd has been appointed to dispose of circa 78 acres of net developable land in a range of land parcels for both residential and commercial usage. Offers as a whole or in parts may be considered.