East Midlands
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EXCLUSIVE Two Midlands sites vie for BT’s new national distribution centre
BT confirmed yesterday that its new 30,324sq m (326,000sq ft) national distribution centre will be located either at Gazeley Properties’ Magna Park, Lutterworth in Leicestershire, or a 9.3ha (23 acre)…
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John Laing stops looking at small PFI schemes because of costs and risks
The John Laing building group has stopped looking at small schemes for the government’s Private Finance Initiative because of the costs and risks involved.
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Helical Retail raises £44m in three separate arrangements
Helical Retail, the property developer, has secured £44m in three deals. The developer sold a Leicester shopping development to Safeway and a Newbury scheme to Friends’ Provident for £18m.
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BAA McArthur Glen rumoured to be planning outlet village for Wellingborough
BAA MacArthur Glen is rumoured to be planning the development of a 13,935 sq m (150,000 sq ft) factory outlet village on a site on Wilby Way, Wellingborough, Northamptonshire.
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Black Country DC annual report claims most successful year so far
The Black Country Development Corporation generated £143m of private investment in the year to 31 March 1996. During the same period over 158,000sq m of new and refurbished industrial and…
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£15m office scheme proposed for Nottingham city centre
Kingspark Developments and local textile company AC Gill have formed a joint venture to develop 9,290m (100,000sq ft) of offices in Nottingham’s Lace Market.
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T&N sells components subsidiary for £41m
AE Turbine Components has been sold by T&N, the engineering and automative group, for £41m to US company Precision Castparts of Portland Oregon.
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Hanover International poised to buy six hotels for £40m from French banking subsidiary
Hanover International is to buy six hotels from UFB Group, a subsidiary of Paribas. The £40m acquisition is to be funded through a placing and open offer underwritten by UBS.
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Foreign investors help regions achieve fastest manufacturing growth
Regions benefiting from the flow of foreign investment are achieving the fastest manufacturing growth, according a survey published today by Business Strategies, the economic consultancy.
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Large job losses as lift manufacturer merges two UK subsidiaries
Otis, the world’s biggest lift manufacturer, is to merge two of its UK subsidiaries – Express Lifts, based in Northampton, and Evans Lifts of Leicester – with the loss of…
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Hallam wins consent for 17ha service station at Jctn 23 of the M1
Following an appeal, Hallam Land Management has won outline consent for a motorway service station on 17ha (42 acres) to the west of Jctn 23A on the M1 at Diseworth,…
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Joint venture to develop £15m office scheme in Nottingham city centre
Kingspark Developments and Nottingham textile company AC Gill are to develop 9,290 sq m (100,000 sq ft) of offices on Warser Gate in Nottingham city centre.