West Midlands
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Brent Walker sells marina to Brunswick for £9m
Brent Walker has sold Brighton Marina to Brunswick for £9m . The purchaser, a Sussex-based property group, plans to spend £40m over the next five years developing the site.
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Birmingham Council in bid to cut office requirement with hi-tech solution
Birmingham Council is working to introduce high-tech working methods to its 400,000 employees in a bid to cut spending on offices.
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Ibstock £160m acquisition of Redland Bricks completed
Ibstock’s £160m acquisition of Redland Bricks was completed yesterday. Trade Secretary Ian Lang cleared the deal two days ago. The Daily Telegraph 1/8/96 page 23.
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Whitbread buys Pelican restaurant chains for £133.1m
Whitbread has bought Pelican, the restaurateur which owns the Cafe Rouge and Dome chains, for £133.1m. Pelican shares have risen tenfold over the past five years and have doubled in…
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EXCLUSIVE Two Midlands sites vie for BT’s new national distribution centre
BT confirmed yesterday that its new 30,324sq m (326,000sq ft) national distribution centre will be located either at Gazeley Properties’ Magna Park, Lutterworth in Leicestershire, or a 9.3ha (23 acre)…
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John Laing stops looking at small PFI schemes because of costs and risks
The John Laing building group has stopped looking at small schemes for the government’s Private Finance Initiative because of the costs and risks involved.
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Helical Retail raises £44m in three separate arrangements
Helical Retail, the property developer, has secured £44m in three deals. The developer sold a Leicester shopping development to Safeway and a Newbury scheme to Friends’ Provident for £18m.
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P&O sells distribution warehouse in West Midlands for £9m
P&O Properties has sold a 14,864 sq m (160,000 sq ft) distribution unit on Middlemarch Business Park, Coventry, West Midlands to National Provident Institution for £9m.
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Millbank buys Worcester department store for £5.2m
Millbank Property Fund has paid Rover Group Trustees £5.2m for the freehold of the Debenhams department store at 67/71 High Street, Worcester.
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Tunnel freight proposal voted out by Commons
Last night the Commons threw out plans for a huge £3bn rail project linking Leicester, London and the Channel Tunnel in the face of deep concern over blight of properties…
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MPs reject £3bn Central Railway tunnel freight link plan
A crossbench alliance of MPs yesterday defeated an order approving Central Railway’s radical scheme to build a privately funded 180-mile, £3bn rail freight link from Rugby in the West Midlands…
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US components supplier named as first potential occupier for Blythe Valley
The first potential occupier for the 40ha (98.8 acre) Blythe Valley business park in Solihull, West Midlands, has been identified as Prince APG, a US automotive components supplier based in…