Aberdeen office portfolio sold in £10.8 million deal

A commercial property portfolio has been sold in Aberdeen, underlining strong investor demand in the city.

Seven office buildings in Aberdeen’s Westhill, forming part of Kingshill Park, have been purchased for £10.8 million by the Hamilton Kelly Investment Partnership (HKIP) in a joint venture with Revcap. 

The portfolio was previously held by Knight Property Group, who developed the sites, with Lismore acting on the sale and real estate consultancy Knight Frank representing the buyer.

Constructed between 2014 and 2020, the modern buildings offer a total of 70,000sq ft of high-specification office and industrial space. 

The offices are home to a range of tenants, including Donaldson Timber Systems, Kraken Robotics and housebuilder CALA, with the portfolio maintaining consistently low vacancy rates.

Bosses at Knight Frank say the transaction highlights growing investor confidence in Aberdeen’s commercial property market. 

Recent research shows that the city accounted for nearly a quarter of all investment deals in Scotland during the first half of 2025, its strongest performance in years. 

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.”

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