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LEASE EXTENDED AT HILL OF RUBISLAW ABERDEEN

Posted by Jenny Adams

18-May-2017


Kennedy Wilson Europe Real Estate Plc (LSE: KWE) an LSE listed property company that invests in real estate across the UK, Ireland, Spain and Italy, has extended the lease of one of its key customers in Marathon House at the Hill of Rubislaw.

The lease extension will see Marathon Oil occupy 31,500 sq ft, which houses the company's Aberdeen-based staff.

Dave Merson, Marathon Oil said:

“The Hill of Rubislaw is a prime location for our UK operations, thanks to the quality environment, close proximity to the city centre/West End and large amount of car parking. Marathon Oil is well-known for being based at the Hill of Rubislaw, having been situated there for more than 25 years, and we were delighted to remain rooted in this core business location.”

Mike Pegler, Head of UK Asset Management at Kennedy Wilson Europe, added:

“Whilst the economic climate in Aberdeen still proves challenging, the early months of 2017 have shown a renewed optimism. It is encouraging to see one of the Hill's largest and longest standing occupiers, Marathon Oil, re-commit to the area and use Marathon House as the base for its European headquarters.

“We are committed to the North East of Scotland, and are currently undertaking an extensive repositioning programme at the Hill of Rubislaw to ensure Aberdeen has a modern and thriving business hub fit for growing, ambitious companies.” 

CBRE and Ryden acted for Kennedy Wilson Europe and Savills represented Marathon Oil.

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