West Midlands
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Lipton wins contract to refurbish Whitehall
A £200m contract to develop and refurbish the Treasury in London’s Whitehall has been won by the Exchequer building consortium led by property tycoon Stuart Lipton.
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Government to announce shortlist of bidders for 700 DSS offices
The government will this week announced a shortlist of six bidders to enable The Department of Social Security (DSS) to transfer 700 offices to the private sector under the Private…
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Pension fund buys modern office building in Birmingham from P&O for £9.1m
West Midlands Metropolitan Authorities Pension Fund has bought the freehold of the 3,763 sq m (40,500 sq ft) office building at 33-41 Newhall Street, Birmingham, West Midlands.
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Pension fund pays about £9m for Birmingham offices
P&O Properties has sold 33-41 Newhall Street, Birmingham, for around £9m to the West Midlands Metropolitan Authorities Pension Fund. The sale price reflects an initial yield of about 8%.
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Regional airports capacity set to increase following £15m agreement
Capacity at regional airports looks set to soar this winter following a £15m agreement between Canadian charter company Bluebird Express and airline Canada 3000.
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Flurry of deals fuelled from overseas stimulates commercial property market
July and August have witnessed a flurry of property deals fuelled from overseas. German property fund CGI has completed the £35m acquisition of the Arcades shopping centre in Ashton under…
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Birmingham’s Sea Life Centre hooks buyer
Birmingham’s Sea Life Centre in Brindley Place, the largest of its kind in Europe, has been bought by Birmingham-based property company Kounnis Group for £3.46m.
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Colorvision closes 15 branches
Fifteen branches of Colorvision have closed. Receiver Arthur Andersen took the decision after they were called in last week. It are still trying to stabilise the business.
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BCDC approves leisure scheme at Wednesfield, West Midlands
The Black Country Development Corporation has given the formal go-ahead to Black Country Properties’ and Lanham Developments’ plan for a leisure park in Wednesfield, West Midlands.
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German components supplier in £15m deal at Hilton Cross, Wolverhampton
German car component supplier Mann & Hummel (M&H) has acquired its first UK plant in a £15m deal for an industrial unit of up to 16,722 sq m (180,000 sq…
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Richardson Cordwell plans £:15m leisure complex at Five Ways, Birmingham
The Richardson Brothers and Cordwell Properties have submitted an outline planning application to Birmingham Council for a £15m family entertainment centre on a largely vacant 0.8 (2 acre) site on…
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Allders to buy Owen Owen stores
Allders is negotiating to buy between eight and ten Owen Owen department stores from Xceptions chairman and former Amber Day boss Philip Green.