Six jobs created as Group First takes freehold management in-house

Six jobs have been created after property company Group First turned down a £50m bidding war for its freehold portfolio in favour of managing it in-house.

Instead, Group First will take on six new members of staff at its head office in Padiham who will be responsible for managing the portfolio internally.

Offers for the portfolio reached £48.5m before the company chose to bring the management of the freehold portfolio in-house.

“By managing it ourselves we can create six new jobs and recruit within our own community to boost the local economy and keep it in Lancashire, where we’re proud to be.” Group First’s commercial property portfolio includes business centres, self-storage facilities and airport car parks while its residential division owns the freeholds for numerous apartment complexes and housing developments across the UK, including Liverpool’s award-winning Mann Island.