The Robert Gordon University (RGU) sold part of its Schoolhill site in Aberdeen city centre to Malmaison Hotel Du Vin (MHDV) Property Holdings.
MHDV has bought the Clarke building, the students’ union and the tenement block at 54-58 Schoolhill, covering 93,000sq ft in total. The sale comes after the RGU moved its academic activities to its Garthdee campus.
Ferdinand von Prondzynski, principal at the RGU, said: “The completion of the sale marks our commitment both to our Garthdee campus and to supporting the regeneration of Aberdeen’s city centre.” Paul Roberts, chief executive at MHDV Property Holdings, said: “The acquisition of the Clarke and iconic students’ union buildings demonstrates our continued commitment to support the regeneration of the Aberdeen city centre.”
Mark Jones, director at Cushman & Wakefield, which handled the deal for the RGU, said: “These buildings lie in the heart of Aberdeen’s cultural quarter and will remain in economic use for generations to come.” Amicus Property Consultants acted for MHDV Property Holdings.