Estate is sold for £5.4m

A call for tax reform as firms lose £5k a year

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A PORTSMOUTH industrial estate has been bought by investment and insurance firm Legal & General.

It has acquired the long leasehold on units one to 19 Admiral Park, on the Airport Industrial Estate.

The firm bought the 92,798 sq ft industrial estate from CBRE Global Investors in a deal worth £5.4m.

The net annual rent from the estate is £514,347.