Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Wednesday, October 31, 2023

Flexspace buys Liverpool industrial estate for 6.5m

Safeland PLC said Flexspace/Safeland Property Unit Trust has bought an Industrial Estate near Liverpool for 6.57 mln stg.

The property is currently divided into 39 separate units ranging from 1,625 sq ft to 24,350 sq ft with a net rent of about 525,000 stg per annum.

The company added seven units are currently vacant giving a present occupancy rate of 62% adding Safeland Active Management will run the property as flexible managed workspace units under its "Flexspace" brand.