Saturday, July 01, 2006

BP Enters Build-to-Suit Agreement for New North Sea HQ in Aberdeen

Aberdeen Press & Journal - June 29, 2006

Oil and gas giant BP hosted a celebration yesterday to mark the start of the development of its new North Sea headquarters in Aberdeen.

The HQ, in Stoneywood Road on a 15-acre site, is being built by London-based developer Akeler and is expected to be completed in the second half of next year. The new offices will span 20,000sq m over seven wings on three levels. BP has agreed a 15-year lease for the new building, which will be owned by Akeler. The Stoneywood Road site was already owned by BP, which has options to extend the lease beyond 2022. The deal agreed with Akeler involves the developer taking over the site of BP's present HQ.

The complex is designed to accommodate about 1,200 staff - about 1,000 BP employees and 200 contractors. The existing offices house 1,700 people, and the 500 who are not moving into the new location are to shift to other accommodation elsewhere in the city. Sphere: Related Content

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