North West
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Innisfree to invest £4.8m in new health sector building
Independent fund Innisfree, which provides capital for PFI projects, is to invest £4.8m in Health Care Projects Holdings, whose first project will be a £5m private patients facility at Warrington.
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MEPC sells St James’s Court, Manchester, for £8.2m
MEPC has sold the freehold of St James’s Court, Brown Street, in Manchester, to BBC Pension Fund for £8,250,000. The deal reflects a 7.4% net initial yield.
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Tougher political stance threatens 500,000 sq ft of leisure schemes in south Manchester
Three south Manchester leisure/retail schemes totalling 48,958 sq m (526,996 sq ft) are at risk as a result of a tougher political stance on out of town developments.
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Lang offers £45m subsidy to Ford for Halewood, Merseyside
Trade Secretary Ian Lang has offered a £45m subsidy to Ford in a bid to secure 3,000 jobs at Halewood, Merseyside.
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“Swampy” arrested in Manchester runway protest
Anti-roads protester Daniel Hooper “Swampy” was arrested. He was taking action against the building of Manchester Airport’s second runway. The Daily Telegraph 17/03/97 page 9.
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Tops Estates signs up Bass for Clayton Square, Liverpool
Tops Estates has secured a 4,645 sq m (5,000 sq ft) letting to Bass Taverns at Clayton Square shopping centre in Liverpool.
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Retailers back Stockport despite threat from Trafford Centre, Greater Manchester
Retailers are lining up to get into Stockport, Greater Manchester, despite the Trafford Centre’s potential to draw custom away. Disney Store recently snapped up a 174 sq m (1,875 sq…
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EC agrees £11m for Vauxhall Plant at Ellesmere Port, Cheshire
The European Commission cleared an £11m regional aid package towards Vauxhall’s £294m plant at Ellesmere Port, Cheshire. The Daily Telegraph 13/03/97 page 32.
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Government to transfer £2.5bn of social care provision to private sector
The government yesterday announced plans to privatise local authorities’ residential and domiciliary care for adults. This would eventually shift £2.5bn a year of council run services to private and voluntary…
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Flurry of shopping and leisure deals in Greater Manchester
Greater Manchester’s retail and leisure market is flourishing following a raft of lettings. In Ashton-under-Lyne, Tops Estates has let 28 Staveleigh Mall to JD Sports at a record rent for…
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Bury deals boost Greater Manchester shopping sector
MEPC has let two units in the new 8,000 sq m (85,000 sq ft) phase of its Mill Gate shopping centre in Bury, boosting the Greater Manchester retail market.
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Mercury Property Fund pays £18.9m for Alban Retail Park in Warrington
Mercury Property Fund (MPF) has confirmed that it has bought the Alban Retail Park on Winnick Road, Warrington for £18.9m reflecting a 5.12% initial yield.