2 Nov 2010

Occupancy rate of rented factories up

8:04 am on 2 November 2010

Factory rental company, Property For Industry says its profit increased by 4% in the nine months to the end of September.

PFI says rentals rose to $24.5 million.

General manager Ross Blackmore says this is because of new developments and rent reviews and its purchase of a $22 million factory at the end of last year.

Occupancy rates remain high, with 99.6% of the company's properties full last month.