West Midlands
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Vardy buys 12 sites for £18.8m
Motor retailer Reg Vardy has bought 12 sites from the Barclay Brothers’ Caledonia Motor Group for £18.8m. Vardy now has 77 dealerships in the UK.
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BSL takes 78,000 sq ft prelet on Swan Hill’s Wolverhampton scheme
UK engineering component distributor BSL has taken a 7,250 sq m (78,000 sq ft) prelet on factory and office premises at Swan Hill’s Antar scheme inWolverhampton.
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Birmingham golf-ball factory to close
The Penfold Golf factory in Birmingham is to close. It follows Grampian Holdings’ sale of the golf-ball business to Seoul Nassau of Korea.
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Chamberlain Tower Hotel opens in Birmingham
Chamberlain Hotel Group opens the 445-room Chamberlain Tower Hotel, in Birmingham today. It follows a £12m conversion of the former BT tower block on Broad Street.
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Wolves to swallow beer rival Marston
Wolverhampton & Dudley, the brewing and pubs business, is this week expected to win its £289m hostile takeover for rival Midlands brewer Marston, Thompson & Evershed.
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Aston Villa FC presses ahead with stadium expansion
Aston Villa Football Club is pressing ahead with plans to extend its Villa Park stadium. It wants to increase the 39,000-capacity stadium to 50,000.
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ESN spends £5.3m at Birmingham Business Park
Elecricity Supply Pension Scheme (ESN) has paid Merseyside Pension Fund £5.3m for a building on Birmingham Business Park, near the M42 in the West Midlands.
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Alaska bakes up plans for Shrewsbury business park
Alaska Estates has submitted outline plans for a 84ha (34 acre) business park fronting the A5 ring road in Shrewsbury. The £30m first phase will provide 14,860 sq m (160,000…
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Thornfield makes town centre debut with £90m Redditch buy
Thornfield Properties is close to buying its first town-centre shopping scheme. The developer has a conditional deal to buy the 61,000 (657,000 sq ft) Kingfisher Centre in Redditch for around…
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Marston and Wolverhampton’s hostile takeover war hots up
Wolverhampton and Dudley Breweries is expected to increase its £260m offer for Marston’s next week. Each brewer has made a hostile bid for each other with Marston expected to post…
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Office and retail star in good year for the Midlands
Strong demand and limited supply drove rents in the Midlands upwards, according to DTZ Debenham Thorpe’s annual report on the region.
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Tesco to anchor Centros Miller’s Kidderminster scheme
Tesco will anchor Centros Miller’s 23,225 sq m (250,000 sq ft) mixed-use regeneration scheme in Kidderminster town centre. The food retailer has exchanged contracts with the developer to occupy a…