Langtree celebrates £1m maiden profit
01 December, 2016
category: Property News
Property development and management business Langtree has shed light on its multi-million pound rent roll and asset portfolio.
The Warrington-based firm, which was bought out of commercial property company Network Space Developments in 2015, pulled in more than £12m from 450 tenants in its first year, generating a maiden profit before deductions of over £1m.
Langtree, whose operations range from local authority joint ventures to asset management services for investment funds, said it now has assets under management worth £130m spanning 20.5 million sq ft.