South West
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Housebuilder Wainhomes expands into Devon and Cornwall
North West housebuilder Wainhomes has bought 20 development sites from English China Clays for £24.45m. The fact that 15 of these sites are in Devon and Cornwall means that Wainhomes…
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Colorvision closes 15 branches
Fifteen branches of Colorvision have closed. Receiver Arthur Andersen took the decision after they were called in last week. It are still trying to stabilise the business.
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Railtrack appoints developer for leisure scheme in Salisbury, Wiltshire
Railtrack has selected a consortium made up of Charter Properties and Dayeh Commercial Projects for a £20m leisure development on the 3.5ha (8.5 acre) East Yard site in Salisbury, Wiltshire.
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Big names in British gambling compete for 13 new licences
The biggest names in British gambling – Rank, Ladbroke, Stakis and London Clubs are scrambling to win 13 new gambling licences proposed by Home Secretary Michael Howard.
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Brent Walker sells marina to Brunswick for £9m
Brent Walker has sold Brighton Marina to Brunswick for £9m . The purchaser, a Sussex-based property group, plans to spend £40m over the next five years developing the site.
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Ibstock £160m acquisition of Redland Bricks completed
Ibstock’s £160m acquisition of Redland Bricks was completed yesterday. Trade Secretary Ian Lang cleared the deal two days ago. The Daily Telegraph 1/8/96 page 23.
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Jermyn Investment buys Bristol offices at 17.26% yield
Jermyn Investment Co has acquired an 1,811 sq m (19,500 sq ft) office building at 8-10 Colston Avenue, Bristol from the Police Mutual Assurance Society.
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Whitbread buys Pelican restaurant chains for £133.1m
Whitbread has bought Pelican, the restaurateur which owns the Cafe Rouge and Dome chains, for £133.1m. Pelican shares have risen tenfold over the past five years and have doubled in…
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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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Plymouth retail investment sells for £7m
Legal & General Property, acting on behalf of the Civil Aviation Authority Pension Scheme, has paid the Western Morning News Company about £7m for 65-69 New George Street, Plymouth, Devon.
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Rockeagle names first occupier for Matford Park, Exeter
Rockeagle has pre-sold a 2,090 sq m (22,500 sq ft) purpose built light industrial unit with land for expansion at its 23.47 ha (58 acre) Matford Park in Exeter, Devon,…
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Connect consortium wins DFBO contract for A30/A35
The Connect consortium has won the £75m Design, Build, Finance and Operate (DFBO) contract for the A30/A35 between Exeter in Devon and Bere Regis in Dorset.