West Midlands
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Capital & Regional buys Birmingham’s Pallasades
Capital & Regional has confirmed it is to buy the Pallasades shopping centre in Birmingham from Fordgate for £93.8m, as tipped in Estates Gazette on 14 February.
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Birmingham sorting office buyer searches for development sites in Midlands
Alan Chatham, currently a director of Brindleyplace and the man behind the £4m purchase of the the Post Office’s 76,016 sq m (818,235 sq ft) sorting office in Birmingham city…
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Direct Line closes in on Birmingham office options
Insurance company Direct Line has earmarked four sites in the Birmingham area to fulfil its requirement for a 5,574 sq m (60,000 sq ft) call centre operation.
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BP Pension fund oils the wheels at Hams Hall
BP Pension Fund has bought the second phase of Hams Hall National Distribution Park at Jctn 9 of the M42 from PowerGen for £12m.
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Alan Chatham to redevelop key Birmingham site
The Post Office has confirmed the sale of its 76,016 sq m (818,235 sq ft) sorting office in the centre of Birmingham for a mixed-use development.
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CNC acquires shopping centre for £2.5m
CNC Properties has acquired The Lanes Shopping Centre at Sutton Coldfield, Birmingham, for £2.5m. It was bought from a joint venture of private investors.
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Warner shortlists three sites for £225m project
Warner Bros and United News & Media have drawn up a short-list ofthree sites on which to build a £225m film production studio andtheme park complex.
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Royal Doulton to close two factories in the Potteries
Royal Doulton plans to close two factories in the Potteries becauseof trading difficulties caused by the high pound and the Asian financialcrisis.
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CNC buys Sutton Coldfield shopping centre for £2.5m
CNC Properties has bought The Lanes Shopping Centre in Sutton Coldfield, Birmingham, in an off the market deal for about £2.5m.
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John Lewis to invest £103m in its business
John Lewis is to invest £103m in the business, including fournew department stores. The department store and Waitrose supermarket group reported pre-tax profits up 15% to £250m for the year…
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Raglan cashes in on industrials with £35m sale to NU
Raglan Properties is raising £31.2m from the sale of eight industrial properties to Norwich Union Life and Pensions. The properties – seven wholly owned and one a joint venture with…
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Dunloe’s claim over Ewart thrown into doubt
Doubt has been cast over Dunloe House’s claim to have won control of quoted property rival Ewart. The Northern Irish concern has challenged 1.8% of the acceptances received by Dunloe…