Northern Ireland
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Estate agents warned about tipping off developers
Estate agents have been warned they risk being banned if theyengage in “improper, unfair, deceitful or oppressivepractices”. The warning has come from the Office of Fair Trading.
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Eurotunnel gets the go-ahead to resume freight services
Eurotunnel has been given permission to handle freight again. Le Shuttle freight service will start on June 15, subject to certain safety checks being completed.
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Northern Ireland grants may have been harmful says Council
The Northern Ireland Economic Council says Northern Ireland may have been harmed by government grants. It says the initial cost of attracting inward investment may “underestimate” the long term cost…
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Tesco gets the go-ahead for takeovers in Northern Ireland and Republic
The European Commission Merger Task Force has approved Tesco’s £640m purchase of Associated British Foods’ (ABF) retail business. The supermarket chain is buying ABF’s Quinnsworth and Crazy Prices chains in…
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Wellworth to spend £18m on increasing supermarket space
Wellworth is to spend about £18m to add about 6,968 sq m (75,000 sq ft) to existing capacity of 92,900 sq m (1m sq ft).
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NHP buys seven nursing homes for £12.6m following £100m securitisation
Nursing Home Properties has acquired seven nursing homes for £12.6m following the succesful completion of NHP’s £100m securitisation programme. NHP chief executive Richard Ellert told EGi that insurance companies including…
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Focus on the regeneration of Northern Ireland
The Daily Telegraph carries a special report on Northern Ireland. Waterfront Hall, in Belfast’s docklands, is a potent symbol of the regeneration of Northern Ireland.
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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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Retailers and developers increasingly cautious about planning appeals
Retailers and developers are becoming more cautious about going to planning appeal on out-of-town sites as more than half of all retail appeals are now turned down under the revised…
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Planners back proposal for redevelopment of West India Quay, London Docklands
London Docklands Development Corporation is set to back plans for a massive redevelopment of former sugar warehouses at West India Quay, E14.
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Tesco and ABF talks stall over Irish supermarkets
Talks between Tesco and ABF’s retailing interests in Northern Ireland and the Irish Republic appear to have foundered. The chains are Stewarts and Crazy Prices in Northern Ireland and Quinnsworth…