Xodus Group Invests Over £7M in a New Global HQ
16 December 2009
Xodus Group, an oil and gas consultancy, has invested more than £7.5 million in a move to new and prestigious office premises in Aberdeen city centre.
Buoyed by the continued growth of the company and an expanding service portfolio, the decision was taken to move to offices in Huntly Street, which are more than double the size of the old site, to accommodate the company's existing and future growth.
In the last 12 months the oil service firm has seen a 32% increase in its workforce – bringing the number of people employed by the Group to 251. With 119 of these employees based at the firm's headquarters in Aberdeen, the company is moving from its existing premises on Carden Place to offices in the city's Huntly Street.
The new14,500 sqft headquarters, previously occupied by Ernst and Young, has been renamed Xodus House and has space for up to 150 people.
The company had been based at Carden Place since 2005 when Xodus started out with 14 employees.
The £7.5million is being spent on a 15-year lease for the new premises plus the cost of refurbishment of the building.
Colin Manson, Xodus Group CEO said: “Although Xodus continues to expand around the globe, Aberdeen remains the headquarters for the company. Last year we secured prime, high specification office premises in central London and as part of our strategy to sustain our reputation as the industry's leading front end consultancy, we wanted to match the quality of the London space, here in Aberdeen.
“It is important we maintain a solid base of expertise here in Aberdeen, where it all began, and where 40% of our work is performed. Over the last two years we have focused on building a strong team, enhancing our service capabilities and expanding internationally. That hard work is now coming to fruition. The new site offers first class specification in a prime city centre location, space to grow and the ability to maintain close relations with clients that we have worked with throughout the last four years. It is everything we need to establish Xodus global headquarters.”
Xodus had leased two offices on Carden Place- No.58 and No.60. The former is back on the market for lease, but the latter is being retained by the firm as a project office.
The Huntly Street premises were leased to Xodus by property consultants Ryden.
Arron Finnie, Ryden agency partner said: "We are delighted to have attracted such an ambitious company to the building on a long term commitment. The office market has been quieter over the last few months but this is a good sign that things are picking up and confidence is returning to the industry."
Xodus is a multi-discipline consultancy specialising in the independent delivery of field planning, assurance and optimisation consultancy services that support the upstream oil and gas and marine renewables sector. With almost 250 staff in the UK and Australia, Xodus Group comprises five divisions Subsea, Process and Facilities, Integration Technology, Environmental (Xodus AURORA) and Technical, Safety and Risk.