24 August 2016 – exhibition and conference centre
Unconditional agreements have been put in place with Aberdeen City Council for a new exhibition and conference centre, four-star hotel and energy centre, due for completion in 2019. The £333m development will be funded by the City Council. It received detailed planning permission at the end of 2015 and is located on the former Rowett Research Institute site adjacent to Aberdeen International Airport. We continue to rate the shares as a BUY ahead of upcoming interim results.