First offices sold at prestigious Stirling development

Cromwell Property Group has announced that it has sold the first office building at Kildean Business Park for £22M to Aviva Investors on behalf of the Stirling Development Agency (SDA), Cromwell’s joint venture with Stirling Council.

Cromwell’s Head of UK, Matthew Bird, commented, “The office development at Kildean Business Park is a great project, which we believe provides a template for future office developments and adds to Cromwell’s significant pipeline of projects throughout Europe and Australia.”

“Upon completion, the building will incorporate a range of measures to ensure staff wellbeing and is designed to score highly against a number of key environmental and sustainability benchmarks.”

“We are delighted to have been able to complete this transaction with Aviva Investors, which marks another important milestone in our long-term strategy with Stirling Council and the Stirling Development Agency.”

With an estimated completion date of mid-2022, the 7,150m² building is part of a series of planned developments at the 31,600m² business park located near Stirling, an area traditionally popular with financial services and life sciences companies in Scotland’s Central Belt.

The building has been designed to meet stringent objectives and is targeting a BREEAM ‘Excellent’ rating, in part through the use of a number of zero and low-carbon technologies.