A portfolio of seven office buildings in Aberdeen’s Westhill has been sold for £10.8 million.
The assets, spread over Kingshill Park, have been purchased by the Hamilton Kelly Investment Partnership (HKIP) in a joint venture with Revcap from developer Knight Property Group. Knight Frank represented the buyer, while Lismore acted for the vendor.
The buildings were constructed between 2014 and 2020. Current occupiers include Donaldson Timber Systems, Kraken Robotics, and housebuilder CALA.
Recent analysis from Knight Frank has shown Aberdeen accounted for nearly one-quarter of investment deals in Scotland during the first half of 2025. John Rae, capital markets partner at Knight Frank, said, “The acquisition of the assets at Kingshill Park was a great opportunity to secure long-term income from a strong micro-location in Aberdeen. At the same time, with some vacancy in the buildings, potential to add to existing lease terms, and an adjacent consented development site, there is plenty of scope to add value in the longer term, with investor appetite for the Granite City at its highest in years.”
Matt Park, partner at Knight Frank Aberdeen, added, “Westhill remains one of Aberdeen’s best-performing business locations and Kingshill Park, in particular, continues to experience very low vacancy rates across both its office and industrial offerings. Availability for best-in-class space is at low levels and demand for the right stock remains relatively strong, putting Kingshill in a strong position for the future.”
