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Empty properties reach 1m sq ft for Peel

29th January 2010

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John Whittaker, Peel Holding's chairman

John Whittaker, Peel Holding's chairman

THE land and property division of North West giant Peel Holdings has more than 1 million sq ft of space in its rental portfolio standing vacant, latest accounts show.The volume of empty properties in the company’s portfolio increased 17% on the previous year (2008: 853,000 sq ft), with an estimated rental value of around £5.5m being lost.More than 50% of the vacant space is industrial, with much of that in the group’s land holdings in Liverpool and Glasgow, it said.Meanwhile, the group’s development departm......for the full story register now for free or login below...


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