The Nottingham firm has just acquired the site of Paramount Windows in Mansfield to convert into seven industrial units, creating a new business park in the town centre.

PIP has purchased the 6,038 sq ft site at Rock Valley with funding supplied by Yorkshire Bank's Nottingham Financial Solutions Centre, and the company plans to create industrial units which will be ideal for start-up businesses or small industrial firms.

The conversion of the site is expected to take three months with the units available for occupation in the summer.

The individual units will begin at 525 sq ft and will be offered for both sale and let to potential investors.

Arv Soar, director at PIP explained: "We wanted to create a mini business park that was just a stone's throw from the town centre and was affordable for new businesses.

"These will be the closest industrial units to the town centre and Mansfield remains one of the cheaper areas of the East Midlands for both residential and commercial property.

"I anticipate high demand for them as the local economy continues to grow."

For more information on the Rock Valley business units, contact Property Investment Portfolio on 0115 9289 333 or visit www.propertyinvestmentportfolio.com