Surrey Heath Borough Council has announced that it's industrial property portfolio is performing strongly, helping to deliver income for the Council to deliver services for residents.
The Council has successfully maintained full occupancy for all its industrial properties - save for one, which is currently in the stages of finalising letting terms. This news comes as figures show a strong occupancy rate at The Square in Camberley, which was purchased by the Council back in 2016 in support of the Council’s priorities to regenerate Camberley town centre. As the current Performance and Finance Portfolio Holder commented, "vacancy rates within the Camberley Square are currently lower than the national average, and is currently consistent of 53 independent businesses".
This announcement comes thanks to previous Conservative administrations financial management and the hard-work of Council officers in attracting successful businesses, with Camberley having been voted the UK's top town for business last year.
As the current Lib Dem Portfolio Holder for Economic and Income Development said:
“These leases are a strong indicator of Surrey Heath’s achievement in attracting successful businesses. The borough has excellent connections to London and Heathrow, a well-educated resident population and strong digital connectivity, all of which help to enable commercial success."
You can find out more on the current Economic Strategy, developed by the previous Council, in the attached file below.
