South West
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Exclusive Speculative offices planned for Bristol Parkway North
An unnamed institution is forward funding a £6m speculative office development called Great Western Court at Crest Nicholson’s Bristol Parkway North outside the city centre.
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Dalgety rationalises with disposals worth £3m
Dalgety Pension Trust has sold three freehold investments for just under £3m, as part of the rationalisation and reorganisation of its property portfolio.
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Hyundai favours UK for European plant
Hyundai is at an advanced stage of a feasibility study for a European plant to build 100,000 cars a year. The UK is the favoured location.
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Bristol’s West Point sells at 7.2% yield
A private client of Healey & Baker has paid Countryside Commercial and Parlison Properties around £3.7m for West Point at Almondsbury Park, north Bristol, reflecting a 7.2% yield.
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First Bus brings forward Bristol retail site to rival Stonecutter Court
Transport company First Bus Properties brought to the market a retail site on Marlborough Street near Broadmead in central Bristol which will rival development land at NPI’s nearby Stonecutter Court.
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Direct Line to open call centre in Bristol
Direct Line announced that it is building a new telesales centre at Bristol which willcreate 70 new jobs. The Independent 23/04/97 page 26.
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Countryside forward-sells Chelmsford scheme
Countryside Commercial has forward sold the Gemini Centre in Chelmsford town centre to Argyll Property Asset Managers for £6.5m off a 10.75% initial yield.
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Sherriffs takes 24,000 sq ft at Exe distribution park in Exeter’s first pre-let for years
Confectionery manufacturer Sherriffs of Kingsbridge has taken a 2,230 sq m (24,000 sq ft) unit at Salmon Harvester Properties’ Exe Distribution Park, Exeter, in the city’s first pre-let for years.
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Property development kicks in at Henry Boot
Pre-tax profits at Sheffield-based Henry Boot increased 8% to £9.4m from £8.7m in the year to the end of December, despite turnover continuing to fall.
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Minerva confirms Prime PFI role as it posts £8.5m profits
Minerva has posted pre-tax profits of £8.5m for the six months to January in the first set of results since the property company floated last year.
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Standard Life finds tenants for 11,000 sq ft at Redcliff Quay, Bristol
Ford Design and communications company ACC Long Distance UK have taken a total of 1,021 sq m (11,000 sq ft) at Standard Life’s Redcliff Quay in Bristol city centre which…
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Dry estate could get its first pub in Bossington, Exmoor
Racehorse trainer Allan Dunn is to submit a planning application to Exmoor National Park to convert two of his cottages in Bossington into a pub.