Commercial property firm celebrates record year
Bolton-based commercial property firm Millfield Estates has smashed all previous records and has reported its best figures ever.
Achieving the highest portfolio rent roll to date, the family-run business generated an 8% increase on last year, as well as achieving 100% tenant retention throughout 2018.
The recent figures have contributed to a void percentage of just 3.2 across the company’s UK-wide portfolio of prominent properties that range from industrial warehouse units to city centre office suites.
Known for its customer service, the firm currently has over seventy tenants including companies such as Taylor Wimpey, Optical Express and TSB Bank.
Paul Dobson, property director for Millfield Estates, said: “2018 was a great year for Millfield Estates leading to this special set of figures in Q1 2019.
“It is wonderful to know that the team’s hard work has been reflected in the recent statistics for the first quarter and hopefully, this will only increase further throughout the year.
“We are lucky to have a brilliant cohort of tenants that we hope to continue working with long into the future.”
The announcement comes after a string of lease renewals for the firm with sportswear specialist Golfino extending their ten-year lease at its premises in Mayfair, London, and a further two lease renewals at Millfield’s Stretford-based warehouse property in Greater Manchester.
As well as several properties in its hometown of Bolton, the investment firm has properties in St Albans, Liverpool, Manchester and Nottingham.