THE TJ Thomas Estates Group is expanding its commercial property portfolio by buying two Merseyside industrial estates from Space Northwest.
The first is Erskine Street Industrial Estate, in Liverpool, comprising 23 units ranging in size from 894 sq ft to 4,565 sq ft.
Tenants already there include Crown Food Supplies, TNT and Watkin Jones. There are three units available for letting on the site. The second is School Lane Industrial Estate, comprising four units.
The adjoining Gateway 4 site, part of Knowsley Business Park, was previously developed by TJ Thomas Estates and in the long term, once the four additional units have been refurbished, they will be merged into the Gateway 4 site. There is only one unit available for letting and the current tenants include Studio Argent, Track Conveyor Systems and Bearings Power.
David Mahoney, from TJ Thomas Estates, said: “We have a number of property interests across Merseyside and the North West, and we believe these new investments demonstrate our real confidence in the improving market.
“We acquired the Gateway 4 site in 2006 and we are looking to refurbish the additional units on the School Lane site to a similar standard to those on Gateway 4 and bringing the whole estate together.
“This will provide a valuable addition to the Knowsley Business Park and provide an additional 11,248 sq ft of high quality industrial/commercial space in the area.”
