West Midlands
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JSG sells Walsall Littlewoods leasehold interest to Prudential
J Saville Gordon has sold its leasehold interest in the Walsall branch of Littlewoods to Prudential Nominees for £3.08m. It reflects a 6.3% yield.
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Pru buys Walsall store on 6.3% yield
Saville Gordon is selling a town centre store in Walsall, West Midlands to Prudential Nominees for just over £3m. The store, in Walsall’s main shopping street, is occupied by Littlewoods…
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Matrix buys Nuneaton nursing home for £820,000
Matrix Healthcare has bought the Allambie Court Nursing Home in Nuneaton for £820,000. It has sold the Nightingale Residential Home, in Bradford, for £350,000.
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Threadneedle buys industrial estate at Tipton, Birmingham, for £3.5m
Threadneedle Property Funds has acquired the 9,754.5sq m (105,000sq ft) Link One Industrial Estate, at Tipton, Birmingham, for £3.5m from Scandev Properties.
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Theatres get £11.6m Lottery cash
Wolverhampton Grand Theatre has been awarded £5.9m of Lottery cash. The Hanover Bank Trust in Hove, East Sussex is getting £3.7m towards buying and refurbishing the Old Market buildings in…
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NPI buys Coventry B&Q for £13.7m
NPI has acquired B&Q’s 11,553 sq m (124,359 sq ft) store on the A46 Coventry bypass for £13.7m. It is the first Warehouse format outlet of this size which B&Q…
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Bull to move parts operation from Stevenage to Coventry
Bull is to move its parts operation from Stevenage, Hertfordshire, to Unipart’s distribution headquarters in Coventry, west Midlands.Unipart will operate Bull’s UK replacement parts business.
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McAlpine applies to redevelop Snow Hill House in Birmingham as 90,000 sq ft of offices
Sir Robert McAlpine has submitted an outline planning application for the redevelopment of the Snow Hill House site in central Birmingham as 90,710 sq ft (8,427 sq m) of offices.
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Schrieber votes for central Birmingham offices with purchase of Pearl Assurance House
Schrieber Securities has bought AMP Asset Management’s Pearl Assurance House in central Birmingham for £1.625m. The buyer is believed to be considering a refurbishment of the building.
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AAH takes 65,000 sq ft at Walsgrave Triangle Business Park, near Coventry
Pharmaceutical retailer AAH has picked Barclays Property Holdings’ Walsgrave Triangle Business Park near Coventry for its new 6,038 sq m (65,000 sq ft) corporate headquarters.
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European Parliament slams ‘biased and undemocratic’ UK grant management
The European Parliament has entered the pre-election political fray by approving a report which slams the government’s management of EU structural funds as biased and undemocratic.
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Quality Care Homes in £45m takeover talks
Darlington-based Quality Care Homes, which operates 43 nursing homes in the Midlands and North, is in talks with a US real estate investment trust which plans to bid for the…