Catella APAM, the specialist real estate asset and investment manager, has sold Aberdeen’s Talisman House to Shelborn Investments Limited on behalf of Danish client, Britannia Invest A/S.
A landmark in the Aberdeen skyline for over two decades, Talisman House spans approximately 96,000 sq ft across two wings and is fully let to Repsol Sinopec Resources UK Ltd, serving as their purpose-built headquarters. Shelborn Investments Limited, asset management team behind Quorum Park and Edinburgh Green, purchased the building for £8.2M.
Andrew Day, Head of Asset Management (North) at Catella APAM, expressed his satisfaction, stating, “This high-quality landmark investment is well positioned within Aberdeen’s West End, the energy capital of Europe. The asset represents an opportunity to deliver several asset management strategies supported by the continued expansion of the green energy market into the local area.
“We are delighted to have completed this sale of this asset on behalf of Britannia Invest A/S, a testament to our commitment to providing tailored real estate solutions for our clients.”
Douglas Binnie, representing Knight Frank Scotland as the selling agent for Talisman House, commented, “Sentiment towards the Aberdeen office market continues to improve, buoyed by sustained high oil prices, which remain the main driver of occupier activity in the city. Grade A availability in Aberdeen is below 2% and Talisman House is well positioned to take advantage of the reducing supply of office space in the city centre.”