Wales
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Beckwith buys landmark Cardiff office block for £3.25m
John Beckwith’s Portfolio Holdings has bought landmark office building Pearl House – the tallest building in Wales – in an off-market deal from AMP for £3.25m.
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BAA’s retail income jumps 9%
Airports operator BAA today said it was optimistic it would get thego-aheadto build the proposed Terminal 5 at Heathrow as income from its retail sector climbed.
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McLean gets go-ahead for £2m Cardiff Bay office development
David McLean Developments is pushing ahead with its £2m Trident Court office scheme at Ocean Park in Cardiff Bay after pre-selling part of the scheme to St John’s Ambulance.
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Land Securities to join and fund central Cardiff management venture
Land Securities is backing a new private and public sector city centre management company in Cardiff. The property company’s decision follows appeals from the Urban and Economic Development Group earlier…
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Warner re-launches search for Movie World site
Warner Bros and United News and Media are re-activating a search for land on which to build their £225m Movie World theme park following a decision to pull out of…
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Property market riding high for a fall
Commercial property is riding high with financiers anxious toborrow. Savills reckons property lending is as much as £57m,against the £30bn reckoned by the Bank of England.
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Nuclear bunker put up for sale at £100,000
West Midland Fire and Civil Defence Authority is putting aformer nuclear war control centre up for sale. The bunker at Sutton Coldfield is expected to fetch about£100,000.
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Norwich Union pays £34m for Bentall properties
Norwich Union has paid £33.6m for the property interestsof Bentalls. The Kingston-based department store group has exercised a putoption to sell 17% of rental income from the Bentalls Centre.The Centre…
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Wedderburn Securities offer for Forspur
Wedderburn Securities has made an offer for ForspurTrading. Wedderburn is an AIM-listed property investment company while Forspur Trading is an oil-trading and production companyregistered in Cyprus.
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Tesco plans call centre at Glasgow
Tesco is planning to build a call centre at George Square,Glasgow. It will be open in July. The Times 04/06/97 page 28 (Business Roundup).
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Halifax figures show housing market recovery
The Halifax has released figures showing the housing marketrecovery, with the average price of a home rising by 1% last month, comparedwith April.
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Call centre letting kicks off £50m Celtic Gateway business park in Cardiff Bay
CableTel has taken a pre-let on a new 4,645 sq m (50,000 sq ft) call centre and regional headquarters building at Celtic Gateway business park in Cardiff Bay.