Safeland Active Management has bought
The mix of workshops and light industrial units was bought from George Moss & Sons and will be converted to Safeland’s Flexspace brand for flexible managed workshops.
It is 62% let and divided into 39 units ranging from 1,625 sq ft to 24,350 sq ft with a net rent of £525,000 pa.
Larry Lipman, managing director of Safeland, said: “It is our strategy to introduce our flexible leasing style and we feel this long leasehold investment offers great potential for long-term rental growth.”
The acquisition brings the total square footage now under Flexspace management to over 730,000 sq ft in nine separate locations.
King Sturge acted for Safeland and will be retained as a letting agent, while George Moss & Sons was advised by Cushman &
