FIREM snaps up more land at Wrexham Industrial Estate

Developer and asset management company FI Real Estate Management (FIREM) has acquired an additional 47 acres of land at Wrexham Industrial Estate.FIREM is already making progress in the creation of 38 acres of new build commercial space at the estate – with construction underway on three individual sites and on track for completion early next year.The developer’s presence in Wrexham forms part of a growing pipeline of new build projects across the UK, totalling 4m sq ft over the next four years. The company’s whole asset portfolio is now in excess of 14m sq ft.The latest strategic employment site could accommodate 400,000 sq ft of new build storage and distribution space and sees FIREM’s presence in Wrexham increase to a total of 2.2m sq ft.FIREM’s presence in Wrexham also includes the 833,000 sq ft warehousing company, F.Lloyd (Penley) Ltd, plus a 21,000 sq ft multi-let, two-acre site housing 13 units which was acquired in February.