Scottish-based shipping agency, Seletar Shipping, has announced plans for a new 46,500 sq ft office development on the site of the existing Horizons House at Waterloo Quay, Aberdeen.

The development comprises around 46,500 sq ft of office space, and is available for lease in individual floor space from 7,500 sq ft to 14,000 sq ft.

Shaun Eardley, managing director of Seletar Shipping ( Scotland) Limited, said: “We are delighted to have announced this new development, which will be the result of an £11 million investment by Seletar.

“We have redeveloped a significant proportion of the office buildings on Waterloo Quay since first branching into quayside property rental in 2003, and are pleased to be able to further enhance the area with this latest project. We look forward to continuing to contribute to the harbour area’s current regeneration.”

Subject to planning, the development will be available for occupation by the end of 2008. Knight Frank will be designing, project managing and marketing the new building called New Horizons House.