Orbit invests £500,000 into property portfolio

Michael Hunt

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

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