-
ROSSLARE EUROPORT TARGETS HEALTH & SAFETY WITH CAMERA TELEMATICS PARTNERSHIP - 2 days ago
-
Landmark Study Reveals Wearable Robotics Significantly Boost Safety and Efficiency in Industrial Environments - July 24, 2024
-
Visku Tackle The Retail Seasonality Challenge One Pallet At A Time - July 22, 2024
-
KAMMAC AND BERGEN LOGISTICS STRENGTHEN FASHION & LIFESTYLE SERVICES IN THE UK - July 19, 2024
-
TENTBOX EXTENDS PARTNERSHIP WITH ARROWXL TO SUPPORT INCREASING DEMAND - July 17, 2024
-
The Perfume Shop improves customer journeys while driving profitability in partnership with Scurri - July 17, 2024
-
ZEROMISSION SECURES £2.3M ($3M) INVESTMENT TO ACCELERATE ELECTRIC FLEETS - July 16, 2024
-
BCMPA CELEBRATES SUCCESS OF 2024 CONFERENCE - July 15, 2024
-
Best of the Best: Jungheinrich Celebrates Triple International Award Win - July 12, 2024
-
GOPLASTICPALLETS.COM CALLS ON NEW CHANCELLOR RACHEL REEVES TO CONSIDER PLASTIC PACKAGING TAX REFORM - July 10, 2024
NAV and portfolio value also rise strongly
Warrington-based commercial property company Langtree says that occupancy and rents have both risen in the last financial year.
In its results for the year 2021/22, company Chairman Tim Johnston also highlights a 130 per cent increase in profit before tax to £5.3m and a 45 per cent increase in net asset value to £16.4m, but says the firm needs to be ‘ever vigilant,’ given current economic headwinds.
Other key metrics for the company, which specialises in joint ventures and partnerships with local authorities as well as providing asset management services to institutional landlords include:
- more than 3m square feet of property under ownership or management
- more than 600 tenants
- 92 per cent occupancy
- annual rent roll of £23m
- value of estate under management of £530m
- sites across the north west, Yorkshire, the midlands, and the south west.
- Gross development value of the assets under its control exceeds £1bn.
“This is a very strong set of results delivered by an exceptional team in every part of the business,” said chairman Tim Johnston.
“Langtree is a solid commercial business which is an ideal platform allowing us to undertake and deliver complex regeneration projects that are both value-creating and which support our local authority partners’ social and economic ambitions,” said Mr Johnston.