South West
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Virgin to open innovative chain of multiplex cinemas
Virgin boss Richard Branson will unveil the prototype of a new chain of cinemas near Rochester, in Kent, next month. The Virgin Cinemas Multiplex, Rochester, is the first multi-screen cinema…
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£3.5bn defence orders boost for 10,000 British jobs
Michael Portillo, the defence secretary, yesterday announced orders for defence equipment worth £3.5bn, most of which will go to British industry.
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Bristol’s first autopark planned for Whitby Road
Mercury Asset Management and St George’s Securities are planning to build Bristol’s first autopark on a 4ha (9.8acre) site in Whitby Road.
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Land Securities adds to Bristol retail portfolio
Land Securities has added to its holdings in central Bristol with the purchase of 12/14 Broadmead from Equitable Life for £2.5m.
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English Heritage plans to transform Stonehenge through PFI
English Heritage hopes to raise half of the £65m cost of new tourist facilities at Stonehenge through the Private Finance Initiative.
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Bristol Council approves £5m redevelopment of Clifton arcade
A Victorian shopping arcade in a Bristol suburb is set for a new lease of life following council approval of proposals for a £5m redevelopment.
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Contractors demand £70m from Portillo over alleged design changes to new MoD equipment procurement complex
Michael Portillo, the Defence Secretary, has been hit by an embarrassing £70m demand for compensation from contractors working on the new £254m office complex for the Ministry of Defence at…
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Ford Credit takes more offices in Brentwood, Essex
Ford Credit Europe has taken an underlease on the 1,149sq m (12,370sq ft) second floor of Warley House, Brentwood in Essex, for a term expiring in March 2001.
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English Partnerships appoints Simon Cronk as Senior Development Executive for south west region
English Partnerships has appointed Simon Cronk as Senior Development Executive at its south west region office in Plymouth, Devon. Cronk will be working with Project Director Nick Harrington on the…
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Bridgwater industrial investment sold for £1.735m
Makeval has purchased the Hunter Building, Bristol Road, Bridgwater in Somerset from the Receivers for £1.735m. The deal reflects a net initial yield of 10.1%.
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Lazard Property Unit Trust pays £11.72m for mixed portfolio
Lazard Property Unit Trust has purchased a property portfolio from the Reckitt & Coleman Pension Fund for £11.718m, reflecting a net initial yield of 9%.
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Wessex Trust to acquire Wiltshire industrial estate for £1.6m
Property investment company Wessex Trust, which floated recently, is set to acquire the freehold of the 18,580 sq m (200,000 sq ft) Bower Hill Trading Estate on Lancaster Road in…