West Midlands
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Daewoo to build £200m plant in the West Midlands
Daewoo, of Korea, is set to build a £200m engine factory in the West Midlands. The Daily Telegraph 28/04/97 page 24 (The City Checklist).
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Castlemore Estates sells on Relay Park shed at 7.2% yield
Castlemore Estates has sold Unit 302 on Relay Park in Tamworth to Royal Liver Assurance within months of buying the shed as part of the £40m Aquis portfolio.
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I M Properties buys Birch Coppice colliery site for more than £50m
Warwick-based IM Properties has bought the former Birch Coppice colliery site in Tamworth – the second largest piece of development land in the West Midlands – from British Coal for…
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Folkes Property posts record £3.025m operating profits
West Midlands industrial developer and engineer Folkes Group has posted record operating profits of £3.025m in the year to February against £2.86m last time.
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Sun Life invests £20m in 205,000 sq ft retail park at Bentley Bridge, Wednesfield
Sun Life has invested £20m to forward fund the final phase of the Bentley Bridge shopping and leisure scheme in Wednesfield, West Midlands.
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Severn Trent Properties lodges application for 100,000 sq ft at Midpoint Park, Coventry
Severn Trent Properties has lodged a planning application for 9,290 sq m (100,000 sq ft) of office and industrial development at Midpoint Park near Coventry.
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JJB Sports takes last anchor unit in Pallasades, Birmingham
JJB Sports has taken the last anchor store in Fordgate’s revamped Pallasades in Birmingham. Since the developer bought the scheme two and a half years ago, Fordgate has more than…
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Parliamentary candidates call for flexibility on green belt development
Green belt development restrictions should be relaxed to encourage inward investors to the West Midlands, parliamentary candidates told a gathering of Birmingham property professionals on Monday.
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Property development kicks in at Henry Boot
Pre-tax profits at Sheffield-based Henry Boot increased 8% to £9.4m from £8.7m in the year to the end of December, despite turnover continuing to fall.
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Minerva confirms Prime PFI role as it posts £8.5m profits
Minerva has posted pre-tax profits of £8.5m for the six months to January in the first set of results since the property company floated last year.
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Villa to make improvements to grounds
Aston Villa is to make improvements at the club’s Villa Park ground. It is spending £6m immediately on executive boxes and other improvements.
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Mystery investor buys Solihull offices for £14.75m
An overseas investor, thought to be a European individual, has paid AMP £14.7m for an office block at 31 Homer Road, Solihull, in the area’s biggest deal for two years.