East Midlands
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Chesterfield sells five industrial estates for £18.9m
Chesterfield Properties has sold a 55,740 sq m (600,000 sq ft) portfolio for £18.9m. The properties comprise five industrial estates. Mars Pension Trustees paid £17.5m for a total of 50,351…
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Exclusive: BT signs for £30m distribution centre at Magna Park
BT has completed a deal – thought to be worth £30m – for the development of a 35,302 sq m (380,000 sq ft) national distribution centre on a 8.9ha (22…
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Hanover Trust sells Carillon Court retail centre in Loughborough for £16.1m
Hanover Property Unit Trust has sold Carillon Court shopping centre in Loughborough, Leicestershire, to Midland Bank Pension Fund for £16.1m – £6m more than it paid for the scheme in…
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Hampton Trust picks Crosby to build landmark Nottingham scheme
Hampton Trust has secured Crosby Homes to build the residential element at the proposed £26m redevelopment of Royal Standard Place near Nottingham Castle.
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Tesco Pension Trustees acquires Kings Lynn Mothercare store at 7.1% yield
Tesco Pension Trustees has acquired the Mothercare store at 91/92 High Street, Kings Lynn, from Scottish Equitable for £1.8m. The deal reflects a yield of 7.1%.
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Fosse Park blamed for delay in the redevelopment of Powergen’s Leicester site
Pressure is growing on Powergen to go public with the timetable for redevelopment of its 9.71ha (24 acre) site in Leicester.
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Rutland county reborn
Rutland is reborn as a county 23 years after merging with Leicestershire. There was an inaugural meeting of Rutland council at Oakham castle.
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Rutland returns to county status
Rutland has become a county again following fierce lobbying. The 18-by-15 mile county was abolished 23 years ago when it became part of Leicestershire.
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Hermes and Nottingham Council discuss £35m Broadmarsh extension
Hermes Property Asset Management and Nottingham Council are discussing plans for a £35m extension to the 40,876 sq m (440,000 sq ft) Broadmarsh shopping centre as a counterweight to the…
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Allied Leisure to buy 7 Burger Kings
Allied Leisure is buying seven Burger Kings for £2.9m from Noblecut and Errol Ismail, receivers of Maxines International. Completion is conditional inter alia upon the acquisition of all superior landlords’…
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Leicester City to float to fund Filbert Street development
Leicester City plans to float on the stock market this summer. It has not decided whether to float on the Stock Exchange or Aim.
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Christian Salvesen tipped to take Gazeley’s 167,000 sq ft distribution centre in Milton Keynes
Christian Salvesen (CS) is understood to have signed up for the whole of Gazeley Properties’ 15,583 sq m (167,750 sq ft) Apex distribution centre at Northfield, Milton Keynes in Buckinghamshire.