Buildings for the future

created: 10:51 am 22/03/2010, modified: 11:37 am 25/03/2010

Nick Leslau’s Max Property Group – parent company of Industrious – is leading the way out of the recession by backing itself in the property market.

Surveyors have been appointed to let properties in the 600,000 sq ft Industrious Estates portfolio in Greater Manchester.

Commenting on the move, Paul Nolan, a partner at surveyors Nolan Redshaw, said ‘Nick understands that the property market is going to repair itself from the ground up, through smaller units on industrial estates. The aim now is to let vacant space and invest in refurbishment’.

Industrious was sold by its receivers to Max, a company run jointly by Leslau and Mike Brown. The AIM-listed company has also bought a portfolio of 10 offices for £36.5m.