South West
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Prudential buys Chippenham shopping centre from Crest Nicholson for £10m
Prudential Portfolio Managers has bought the freehold of Crest Nicholson Properties’ 7,714sq m (83,000sq ft) Borough Parade shopping centre, Chippenham, Wiltshire, for about £10m.
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Land Securities acquires portfolio of leasehold interests in central Plymouth
Ravenseft, Land Securities’ retail subsidiary, has acquired new 125-year leases on 32 retail units totalling 6,039 sq m (65,000 sq ft) in Plymouth city centre from Plymouth City Council for…
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Prism plans £12.4m rights issue to fund rail acquisitions
Prism Rail is planning a £12.4m rights issue to fund the acquisition of South Wales & West Railway and Cardiff Railway.
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Document says growing demand for water from new homes could lead to shortages over next 2 years
An internal briefing circulated to managers in water supply firms by the Water Companies Association warns that huge areas of England’s countryside could run dry in the next 2 years.
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NatWest to buy Hambro Magan for up to £150m
NatWest Markets has announced plans to buy JO Hambro Magan for a price estimated at £85m-£150m. Hambro Magan has advised on transactions with a combined value of more than £18bn.
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Woolwich Building Society reports decrease in levels of negative equity
The Woolwich Building Society reports that the number of homes with negative equity has fallen below 500,000 for the first time since 1990.
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Former Dorchester hospital put on the market for £2m
A former psychiatric hospital three miles north of Dorchester has been put up for sale for around £2m by Goadsby & Harding.
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Scottish Metropolitan sells shopping mall in north Bristol for £8m
Peer Group has paid Scottish Metropolitan £ 8.1m for St Mary’s Shopping Centre in Thornbury, north Bristol. The sale price reflects a yield of around 10%.
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Royal Bank of Scotland tipped to take offices at The Pavilion in Bristol
The Royal Bank of Scotland is rumoured to have chosen Magnox Electric’s The Pavilions in Bedminster, south Bristol, as the new base for its share dealing service.
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British Energy sheds 1,300 jobs
British Energy is taking 1,300 off its payroll. The privatised nuclear power generator will take most out of its head office at Barnwood, Gloucestershire.
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Explosion at Albright & Wilson chemicak plant in Bristol causes widespread disruption
An explosion at Albright & Wilson’s chemical plant, at Avonmouth, Bristol, caused gas and smoke to drift up river as both road bridges across the Severn estuary were closed.
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Cornish scheme aims to use £40m to create businesses and jobs
The West Cornwall Initiative has launched a bid for government and European funding to support a three-year £40m investment programme. It is aimed at helping to start 400 businesses in…