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Council agrees the purchase of Three Elms Trading Estate

Herefordshire Council has purchased Three Elms Trading Estate from the Homes and Communities Agency for £1.75m.

The purchase was made to support the economic growth of the city; providing existing and new commercial premises to attract new business and enable the growth of existing ones. The purchase of the estate also unlocks access to an acre of council land which could be developed to provide further opportunities to attract new business to the city.

Councillor Harry Bramer, cabinet member contracts and assets said, “The purchase of the estate is firmly aligned with the council’s objectives to create more jobs in Hereford in order to stimulate economic growth.

We have worked incredibly hard over the last several years to develop Hereford’s core with the development of Old Market, to achieve Enterprise Zone status for Rotherwas Industrial Estate and to construct the City Link Road; which will unlock city centre development land. The purchase of Three Elms complements the efforts made so far to focus on a prosperous future for the city.”

Tags: Business and economy, Community and living