Aberdeen tipped for growth

A recent survey by the Bank of Scotland has predicted that 39,000 new jobs are expected to be created in the UK oil and gas industry in the next two years,.

The survey predicted that the “largest share” of the extra positions would be based in Scotland.

The survey of 100 companies is the bank’s third annual report on the oil and gas sector, with UK firms questioned about their future prospects for 2014 and 2015.

The survey also commented: “With most of the UK’s oil and gas firms clustered in Aberdeen and the north-east, Scotland should reap the largest share of these new jobs, however other parts of the UK will also benefit from expansion plans.”

Metropolis is currently tracking over 20 firms looking for office space in Aberdeen, including a number approaching lease expiries in 2014 and 2015. Examples include Amec and Premier Oil. Aberdeen has an office vacancy rate of only 3.5% making some searches protracted.

The largest mover of 2013 was EnQuest’s pre-purchase of ‘The Grande’ from Drum Property for a new HQ building of 120,000 sq ft. There are five large speculative office schemes in the pipeline.

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