East Midlands
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NHP invests £5m in three nursing homes
Nursing Home Properties has bought three care homes – two in Mansfield and one in Sheffield – comprising 150-beds for £4.955m.
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Kingspark wins consent for mixed scheme on 477 acres near Northampton
Kingspark Developments and Courteenhall Estate have secured outline planning consent for a mixed development on 193 ha (477 acres) at Junction 15 of the M1, near Northampton.
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Tesco set on hypermarket offensive
Tesco is stepping up its programme of opening hypermarkets. The company opened its first one at Pitsea in Essex in June.
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Derby’s Friar Gate strengthens leisure focus as Bass moves in
Bass Taverns has acquired the freehold of the listed 49-bedroom Friary Hotel, Friargate, Derby, for within 10% of the guide price of £500,000 – a transaction which strengthens the street’s…
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Pillarcaisse in Tesco deal at Northampton
Pillarcaisse has sold the Weston Favell shopping centre nearNorthampton to Tesco for £34.25m. Planning permission has been obtained for new retail space of 6,503 (70,000 sq ft) and a petrol…
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Carlsberg hopes Bass will buy Burton brewery
Carlsberg-Tetley is hoping that Bass will acquire its Burton upon Trent brewery. The Sunday Times Business 07/09/97 page 1.
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Confederation Life sells Nottingham mixed-use scheme for £6.732m
Nottinghamshire council pension fund has acquired the Frontage, Queen Street in Nottingham, from Confederation Life for £6.732m. The deal reflects an initial yield of 7.98% (after purchase costs of 3.75%)…
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Pillarcaisse sells freehold for £34.2m
Pillarcaisse has sold the freehold interest of its Weston Favell shopping centre in Northampton to Tesco for £34.2m. It is also to acquire the head leasehold interest of the Middleton…
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Inward investors spent £36m in the East Midlands
Inward investors spent £36m in the East Midlands last year. There has been £70m worth of investment during the last three years.
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Wray’s Nottingham Forest to float on AIM
Burford Group chairman Nigel Wray’s Nottingham Forest football club is set to join Celtic and Chelsea on the Alternative Investment Market later this year, it emerged today.
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West Tower Developments pays £5.5m for Elan Point
West Tower Developments, a private investment vehicle, has paid a rumoured £5.5m for the 10,590 sq m (114,000 sq ft) office building, Elan Point, within the City Reach development in…
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Consumer spending mirrors 1980s boom
Consumer spending is rising at its fastest quarterly rate since the peak ofthe 1980s boom while manufacturing output fell last quarter, according toofficial figures that confirmed the picture of a…