Property firm Millfield Estates has announced that their tenant portfolio is set for further grow in 2018, following a record number of lease renewals for last year. The family owned business has managed to secure 13 lease renewals, including those of multi-national companies FMG Consulting, based at Yorkshire House in Liverpool and Edmundson Electrical at Kingfisher Court in Northwich.
Furthermore, the firm strengthened its bond with its home town of Bolton through securing an array of returning businesses at their Moorland House, Riverside, and Boundary Industrial Estate premises. These renewals prove how much Millfield Estates has invested in its buildings during the past 12 months, as well as contributing to a rent rise approaching £50,000.
“We pride ourselves on our tenant retention at Millfield Estates and these successful lease renewals showcase just that. Keeping tenants happy is one of our core philosophies and it is testament to our team’s knowledge and expertise that so many of our tenants are happy to sign up for new leases,” commented Paul Dobson, Property Director at Millfield Estates. “We are incredibly flexible when it comes to offering the tenant the best possible lease to accommodate their specific needs, and have shown once again that we can offer the perfect solution for any business,” concluded him.
Additionally, the firm has also secured rent increases from two of their established tenants for 2018, one with TSB Bank at 8 Chequer Street, St Albans and one with Mosscare St Vincent’s Housing Group at Longford Trading Estate, Stretford.
Founded in 1962, Millfield Estates is part of a family owned group of companies, whose roots lie in the manufacture and distribution of replacement spare parts for domestic appliances and the manufacture of visual display equipment for the education, healthcare, and office sectors. Throughout the UK, it has built a substantial portfolio of industrial estates, offices, prime retail units, and trade counter developments.