East Midlands
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Heron among front-runners for Welcome Break
Gerald Ronson’s Heron International is one of the leading contenders to buy Granada’s motorway-service chain, Welcome Break. Other contenders include Shell, in partnership with McDonald’s and Whitbread.
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Benteler to set up £14m plant at Cory, east Midlands
Benteler, is to build a £14m production facility at Cory, in the east Midlands. The German automotive components supplier plans to start production in the 5,000 sq m (53,821 sq…
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Shaftesbury announces £36.5m rights issue
Shaftesbury is raising £36.5m by a three for eight rights issue to help pay for the Carnaby Street Estate, W1, which it is buying from Wereldhave for £90m.
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GRE offices to close and Barclays move may hit Wiltshire
Guardian Royal Insurance will close seven offices in towns where recent acquisition Legal & General is also represented, and branches in a further five locations.
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Allders’ looking for opportunities to expand
Retail group Allders announced a jump in pre-tax profits. Chief executive Harvey Lipsith said the group will spend £30 million in the next two years on store refurbishment, including the…
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Centros wins consent for 6,503 sq m retail scheme in Boston, Lincolnshire
Centros Properties has won outline planning consent for a 6,503 sq m (70,000 sq ft) shopping centre in Boston, Lincolnshire. The development will comprise an anchor unit of 1,858 sq…
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Capital & Regional joint venture buys £22m retail park portfolio
Hermes Pension Fund has sold three retail parks to a joint venture company backed by Capital & Regional and Lanham for £21.9m.
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Hypo Property buys Drummond Gate, London, SW1, as part of £60m deal
Hypo Property has paid £60m for three office blocks in London, Blackburn and Chesterfield, all of which are let to the government.
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Warner Estates pays £5.165m for mixed-use portfolio
Warner Estates has bought a mixed-use property portfolio for £5.165m. The sale price reflects an 8.4% net initial yield on an income of £447,000pa.
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Scottish Equitable sells prime shop in Nottingham for £4.075m
Scottish Equitable has sold a prime retail unit at 25-29 Clumber Street in Nottingham for £4.075m. The sale price reflects a net intial yield of 4.53% and an equivalent yield…
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German engineering company eyes Mansfield EZ site
A German engineering company is planning to open a major factory in the Mansfield Enterprise Zone, Nottinghamshire. The company, which is refusing to disclose its identity for fear of antagonising…
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Holmes Place to expand with Nat West Ventures backing
Holmes Place, the City’s favourite gym, is expanding. Nat West Ventures is this week expected to announce a £5.5m investment in the health and fitness group.