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Firm secures its future in Birmingham by investing in property

wantspacegotspace.co.uk - Firm secures its future in Birmingham by investing in propertyA Birmingham-based fire-safety and security-system installer has invested its future in the city with the purchase of brand-new premises. Cityfire & Electrical Services Ltd, which has clients including Birmingham City Council, is now in the process of moving into its new 2,113 sq ft space at Aston Cross Business Park on Rocky Lane, Aston.

It’s a confident move by the company, which has decided to purchase, rather than continue to rent its premises in the city. Chris Bowden, at Cityfire, explains: “Rent, for us, has steadily increased over the past few years and it came to the point where it just made better financial sense, in the long term, to invest in the purchase of our own premises.”

The business remains in Aston, so that it is able to continue to take advantage of the convenient travel links Birmingham enjoys, with the M6 just a couple of minutes away. This is key to the business’ success, as the engineers are often called out to all corners of the country and have to respond within an eight-hour time period.

Mr Bowden comments: “There was never any question of relocating elsewhere. Birmingham has served us well, due to its road infrastructure and we’re happy to commit our long-term future to the city.”     

Cameron Thomson, Senior Surveyor at Drivers Jonas Deloitte, who was instructed to sell a portfolio of properties, including the Aston Cross premises, said: “While some companies continue to be tentative, we are seeing that there is still a market for freehold property in Birmingham and other areas, with interest mainly from owner occupiers, such as Cityfire, who are looking to capitalise on property values being lower than recent years, and who see themselves investing for the longer term.”  

Posted by The Editor (wantspacegotspace) on 6th November 2012 (updated 08/11/2012)

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