West Midlands
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Council promises Longbridge rates waiver
Rover will not have to pay rates at its Longbridge plant for the next three years if the site wins a reprieve.
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Muslim housing association plans 10,000 homes
The North London Muslim Housing Association has unveiled a £500m plant to build 10,000 homes over 10 years in some of London’s most deprived districts.
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Bovis up 21% to £45m
Bovis Homes has announced annual pretax profits up 21% to £45m on turnover down 6% to £234.3m. The housebuilder is keen to expand in the north and south-west of England…
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Outlook for Rover Longbridge plant gets rosier by the day
The Guardian says the government is expected to clinch a £1.7bn investment by BMW in Rover’s Longbridge plant, in Birmingham. It says the government will offer £200m aid.
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Boots to open chiropody centres
Boots is investing S1m on opening a chain of chiropody centres. It will open its first three today in Crawley, Manchester and Burton-on-Trent.
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Thornfield wins Lehman backing for œ95m Redditch purchase
Thornfield Properties of Leeds has won backing from Lehman Brothers for the S95m acquisition of Redditch town centre in the West Midlands.
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BMW has plans to rebuild Rover Longbridge
BMW plans to scrap its Rover plant at Longbridge, Birmingham and replace it with a new factory on the site. The S1.5bn-S1.7bn investment is dependent on S200m of British government…
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Redditch centre gets £60m boost from new owner Thornfield
Redditch town centre is set for a £60m boost from Thornfield and US investment bank Lehman Brothers. Thornfield Properties, the year-old joint venture set up by the developer and the…
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US bankers in £95m deal for Redditch town centre
The entire town centre of Redditch in the west Midlands ahs been sold for £95m to Thornfield Developments backed by Lehman Brothers.
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Gibson Investments makes £5.2m Midlands debut
Guernsey-based Gibson Investments has made its debut in the Midlands. It has bought the freehold of Chesterton’s Birmingham office in an off-market deal worth £5.2m.
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New stores for John Lewis
John Lewis is opening a large department store at the Bucanan Gallery, Glasgow, at the end of the month and another at Bluewater near Dartford, Kent, on Tuesday.
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Birmingham loses out as Ofgas merges with Offer
The Birmingham head office of the electricity regulator Offer is to close. The national and regional offices of Offer and gas regulator Ofgas will merge.