Manchester expansion for Brixton commercial mortgages

10 May 2007

New reports state that Brixton Estates is looking to expand its existing commercial property portfolio in Manchester, spending as much as £1 billion on new acquisitions.

Bosses at Brixton are focusing attention upon Trafford Park, one of Europe''s most prominent industrial locations. Brixton recently acquired new property at the site last month and already owns a nearby estate.

The acquisition of Pisces Industrial Estate was completed in deal with ING UK worth £5.76 million.

It is thought that further expansion will make prime commercial property space available to business in the area, including those with commercial mortgages.

"We will be acquiring more in Trafford Park and focusing on buys which, like the Pisces estate, are close to or add to properties we already own," commented Peter Dawson, managing director at Brixton Investments, according to Manchester Evening News.

"We have around £1 billion available for new acquisitions in Trafford Park and in the south-east of England."