East Coast Oil & Gas almost doubles Aberdeen office space

East Coast Oil & Gas (EC-OG) have taken more space at Moorfield Group’s Aberdeen Innovation Park expanding operations at the recently refurbished Davidson House on Campus One.
EG-OC has signed up for an additional 1,200 sq ft at Davidson House, taking their total floorspace to 2,230 sq ft. A new four-year lease has been agreed at a rental of £20.75 per sq ft.
EC-OG provides expert engineering services for critical well barrier equipment, including wellheads, xmas trees and intervention systems. The team recently won a “VIBES” award in the Innovation category at the Scottish Environment Business
Awards, for the Subsea Power Hub, a hybrid-based ocean current energy conversion system with integrated energy storage. The award recognised the company’s position at the forefront of eco-innovation.
EC-OG Commercial Director, Heather Sharkey said: “It has been a really exciting time for our team recently. We needed the additional space to diversify our business and Davidson House provides the perfect location for our expansion plans.”
Speaking on behalf of the parks’ owner, Moorfield Real Estate Fund III, Mark Holmes from Moorfield Group said: “It is great news to see EC-OG expand operations here at Aberdeen Innovation Park. We always adopt a ‘can-do’ approach and were able to offer the company a new suite which meets their needs.”
Matt Park of Knight Frank in Aberdeen, added: “Despite challenging times in the North East, we are continuing to see demand for the quality space on offer at both parks, which is evident at Davidson House.”
Knight Frank and Ryden are joint agents for Aberdeen Energy & Innovation Parks.

Sponsor

Our Other Titles

Latest

Middle East investors deployed £230m into Scotland in 2019

RESEARCH released by global real estate advisor CBRE has revealed that the UK regions outside of London were the preferred destinations for...

Scottish education funding rises to £3.57 billion

EDUCATION and skills funding will rise 1.7% in real terms to £3.57 billion, under the proposed Budget 2020-21. Speaking...

Time for expansion as watchmaker anOrdain secures loan from UMi Debt Finance Scotland

WATCHMAKER anOrdain is set for growth after sealing a loan deal with UMi Debt Finance Scotland, a £12 million fund that forms...

Veincentre targets UK rollout with new seven-figure refinance

VEINCENTRE, the UK’s leading provider of treatment for varicose veins, is looking to expand its number of clinics across the UK this...

Dignity secures water savings deal with Business Stream

ONE OF the UK’s largest providers of funeral services has signed up to a new two-year water and waste water contract worth...