Orbit invests £500,000 into property portfolio
Orbit Developments has invested over £500,000 into refurbishing its property portfolio.
The commercial property developer upgraded 21 of its existing properties within its Greater Manchester portfolio.
Paul McLeman, director of leasing at Orbit Developments, said: "Even in a market as uncertain as the one present, tenants still require quality office space. Refurbishing our offices enables us to optimise the value of a building without the investment risk and cost that is associated with full-scale redevelopment.
"Refurbishment might not secure the highest possible land value, but presents a relatively quick and cost-effective method of improving property values, while retaining the high tenant capacity of an existing building."
Properties improved in the North West include:
- Parkway One and Three, Manchester
- Cussons House, Cheadle
- Pentland House, Wilmslow
- Charter House, Altrincham
- Sovereign House, Cheadle Hulme
