West Midlands
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Pillar sells two investments for £22m
Pillar, the property investment and development company, has sold two investment properties for £22m. Equitable Life has purchased the Asda superstore at Small Heath, Birmingham, for £17.3m while an overseas…
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Management team wins rail franchise for Chiltern Line
The Government has awarded the management team of Chiltern Railways (CR) a seven-year rail franchise in return for a commitment to order 12 new 100mph diesel express trains.
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Central Birmingham offices sell for £1.4m
West Midlands Travel has sold the freehold of 10 St Paul’s Square in central Birmingham to Abbey Tutorial for £1.4m. The buyer plans to use the 1,136 sq m (12,230…
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WPP hints of acquisition
WPP, the world’s biggest marketing services group, told shareholders it would consider an acquisition as part of its future plans. the company has reduced a net debt of £437m four…
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Capital & Regional acquires Wryley Brook Retail Park, Cannock, Staffordshire for £5.5m
Capital & Regional Properties has bought Wyrley Brook Retail Park in Cannock, Staffordshire, plus 3.71ha (1.5 acres) of nearby land for £5.5m.
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GM moves on Saab
Saab is to receive a funds injection of £340m from General Motors of the US and Investor, the main arm of the Wallenberg empire in a refinancing deal.
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Three sites put forward as West Midlands flagship inward investment locations
Three large West Midlands development sites have been put forward for designation as the region’s flagship inward investment locations. The sites are: a 133ha (330 acre) site at Peddimore, Minworth,…
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Littlewoods buys new site for national distribution centre at Burton Upon Trent
Littlewoods, the high street retailer, has paid £35m for a site at Burton Upon Trent for its major new national distribution centre.
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Richardson twins head north
Don and Roy Richardson, the West Midlands-based property developers, are to develop a 33,444 sq m (360,000 sq ft) retail park near York city centre.
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Littlewoods plans 40-store expansion programme
Littlewoods Stores yesterday launched a £500m expansion programme which will create 3,000 jobs in the next four years. It plans to add 40 stores to the present 130 and it…
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The Planet newspaper closes
New Birmingham-based newspaper The Planet on Sunday has closed two days after the first issue because publisher Clifford Hards did not like the editorial content.
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Kvaerner issues more writs in alleged espionage case
Kvaerner, the Norwegian engineering group, which owns Trafalgar House, yesterday stepped up its campaign against VAI, which it has accused of industrial espionage at Kvaerner UK subsidiary Davy International, the…