Northern Ireland
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Heron among front-runners for Welcome Break
Gerald Ronson’s Heron International is one of the leading contenders to buy Granada’s motorway-service chain, Welcome Break. Other contenders include Shell, in partnership with McDonald’s and Whitbread.
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Shaftesbury announces £36.5m rights issue
Shaftesbury is raising £36.5m by a three for eight rights issue to help pay for the Carnaby Street Estate, W1, which it is buying from Wereldhave for £90m.
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Allders’ looking for opportunities to expand
Retail group Allders announced a jump in pre-tax profits. Chief executive Harvey Lipsith said the group will spend £30 million in the next two years on store refurbishment, including the…
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Holmes Place to expand with Nat West Ventures backing
Holmes Place, the City’s favourite gym, is expanding. Nat West Ventures is this week expected to announce a £5.5m investment in the health and fitness group.
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Peers back land registry bill
Legislation to increase the number of properties in England and Wales lodged with the Land Registry was approved in principle by peers last night, with government and cross-party support.
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Focus on courier and distribution services
Today’s Telegraph carries a special report on courier and distribution services. It focuses on the need to improving service in modern logistics, rail distribution in Europe, air freight and the…
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European Union grants extra £22.56m for urban renewal in the UK.
The European Union has allocated £22.56m (29.3m ECU) from its URBAN structural fund programme for the regeneration of inner city areas in London, Birmingham and Swansea.
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Tesco opens first store in Northern Ireland
Tesco opened its first store in Belfast last week, a month before Sainsbury is due to open in the province. The Belfast Tesco Metro provides 1,198 sq m (12,900 sq…
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Village pubs could also qualify for rate relief, Gummer tells Commons
Environment Secretary John Gummer is considering widening the 50% rate relief proposals in the Local Government and Rating Bill to include village pubs as well as rural shops.
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Government to back town centre improvement project
Environment secretary John Gummer is backing a £200,000 project to study setting up and funding US-style town centre Improvement Zones in the UK.
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DSS £3bn property bonanza
The Government is about to sell the entire DSS estate which will create on the of the country’s largest pro-property companies.
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Urban regeneration under the microscope
The Daily Telegraph takes a look at the trend for turning redundant office space into homes. The Daily Telegraph 30/10/96 page 32.