LONDON: Ace Liberty and Stone Plc, the active property investment company, capitalising on commercial property investment opportunities across the UK, has announce that it has completed the purchase of two new properties; Nolan House in Warrington for £2.9 million and James Cook House in Middlesbrough for £7.125 million.[the_ad id=”31605″]Both properties are let to the Secretary of State for Communities and Local Government, who are long-term tenants, until 31 March 2027. The property in Warrington is the only Jobcentre Plus serving the Warrington South constituency, and likewise the Middlesbrough property is the only Jobcentre Plus servicing its local constituency (Middlesbrough).

Looking further ahead, the properties’ strong potential is evident. Although in different regional hubs, they have very similar characteristics. Both have blue chip government tenants with long leases and strong yields. Furthermore, they are in attractive locations with strong repurposing opportunities.

Ismail Ghandour, Chief Executive Officer, commented: “We always look for properties with potential, particularly when that potential can be harnessed without any of the additional risk associated with further development. We have a proven track record of finding properties with hidden multiple uses that also provide an immediate risk free income, and these two acquisitions fit that criteria perfectly. Smart and solid investments such as those we have made in Middlesbrough and Warrington form the backbone of the Company’s well proven strategy that continues to deliver a healthy return on investment for our shareholders, as well as increasing our Company’s prospects when compared to other more traditional property company models.”