Manchester-based commercial property company Bruntwood has reported a slight fall in net profit to £11.1m for the year to 30 September.
In its full-year results, the family-owned property company said it had seen a strong increase of 28% in new lettings across its portfolio.
The total value of the company’s portfolio of offices was up 4% to £948m, and its net worth up 3.2% to £310m.
Turnover was 3% higher to £100.2m.
Chief executive Chris Oglesby said: “Despite a tough market and stiff competition, we have delivered a very impressive increase in new lettings with a record year in Greater Manchester and continued success in our other three cities, Birmingham, Leeds and Liverpool, where we have attracted significant new occupiers.”
Oglesby said 2010 also saw the company moving into acquisitions again with the purchase of properties in Leeds, Manchester and Birmingham.
Bruntwood owns more than 100 office buildings across Manchester, Liverpool, Leeds and Birmingham, providing bespoke office space.
nathan.cross@estatesgazette.com
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