South West
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Developer presses ahead with major mixed use scheme near Bristol
Limeridge Properties is pressing ahead with plans for the redevelopment of the 9.3ha (23 acre) former MOD depot at Wyndham Way, Portishead, Bristol, as 29,728 sq m (320,000 sq ft)…
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GRO to raise £750,000 through Ofex floatation
Property investment company specialising in ground rents, GRO Properties, is to raise £750,000 through a floatation on the Ofex market later this month.
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Ibstock agrees to sell six brick plants following £160m Redland purchase
Ibstock said yesterday that it would sell six brick plants following its £160m purchase of Redland’s UK brick business, as ordered by the trade and industry secretary.
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Norwich Union acquires Poole retail warehouse scheme for £5.5m
Norwich Union has acquired the freeholds of the Homebase and Comet retail warehouses at the Commercial Centre, Alder Road in Poole, Dorset, from Shell Pension Trust for £5.525m.
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Council tries to revive plans for Dorchester retail scheme
Dorchester’s local authority is attempting to revive plans for a shopping centre scheme which were abandoned with the collapse of the stockmarket in 1987.
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Exeter to Plymouth A38 becomes UK’s first “expressway”
The DoTransport has created the UK’s first official “expressway” in the stretch of the A38 between Exeter and Plymouth in a move to attract investment to the area.
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Canada Life buys Roundswell Retail Park, Barnstaple, for £5.495m
Canada Life has bought the freehold of the 5,948 sq m (64,022sq ft) Roundswell Retail Park, off the A39 on the western outskirts of Barnstaple, Devon, from local developer Sharman…
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Cray Electronics closes sites and sheds jobs
Cray Electronics is to close its production sites at Gosport, Hampshire, and Swindon, Wiltshire, and make 100 jobs redundant in a restructuring of its entire operations.
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Positive investment climate forecast by Hillier Parker
Hillier Parker recorded just under £1bn of forward funding and joint ventures in the UK property market during the first quarter of 1996.
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Environment Secretary calls in THI/MAM leisure scheme at Cribbs Causeway
Environment Secretary John Gummer has ordered a public inquiry into a proposal by THI Leisure Parks and Mercury Asset Management to develop a leisure complex with cinema at Cribbs Causeway,…
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Bovis Homes buys up Britannia housebuilding assets
P&O’s Bovis Homes is buying most of the assets of Britannia Group’s housebuilding division in a £10m deal, part of its expansion in the south-west.
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WPP hints of acquisition
WPP, the world’s biggest marketing services group, told shareholders it would consider an acquisition as part of its future plans. the company has reduced a net debt of £437m four…