WORK on a multimillion pound office development on Aberdeen’s main thoroughfare is set to begin within weeks.
The construction contract for the £65million Silver Fin development on Union Street has been awarded to building firm Sir Robert McAlpine.
Now building work on the prominent city site, between 445 and 461 Union Street, can start.
The build is expected to be completed in March 2017 – pushed back from the initial expected date of December 2016.
FG Burnett and CBRE are acting on behalf of London-based developers Titan Investors.
Jonathan Nesbitt, Director at FG Burnett Aberdeen, said the Silver Fin will reinvigorate the west end of Union Street,
He said: “This is a hugely exciting development for the city and is testament to the inherent strength of the Aberdeen market that such a level of institutional investment has been committed.”
Derren McRae, Managing Director of CBRE Aberdeen, added: “Not only will The Silver Fin Building change the face of the West End of Union Street and is set to be the city’s finest office building, but is also expected stimulate increased investment in the retail, restaurant and hospitality sectors in the vicinity of the development.”
Businesses including banking and law firms have expressed an interest in taking up the building, set to be one of Aberdeen’s largest office development, once completed.
The Silver Fin, so called for the vertical aluminium ‘fins’ that will clad the tower, will be 13 storeys high including parking floors.