Wales
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MEPC to invest £470m over the next four years
MEPC is to invest £470m over the next four years, starting Iwith a £164m tranche in the second half of thisyear.
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Wiggins does the numbers on CNC Properties
Wiggins is reported to be taking a close look at CNCProperties with a view to takeover. CNC’s share price rose 5.5p to 76.5p, just below last year’speak.
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Stakis to build £12.3m hotel outside Glasgow
Stakis has announced plans to build a £12.3m hotel andleisure complex outside Glasgow. It will be built in Strathclyde Business Park and will open inthe summer of 1998.
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Morrison Construction to sell family shares
Directors and senior executives of Morrison Construction and their families are selling up to 13% of the company. They will bereducing their stake from 65.9% to 53%.
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Strike threat looms over construction industry
The building industry is facing a wave of unofficial disputes.Industrial action could affect projects as diverse as the JubileeLine extension, the Millennium project at Greenwich, the RoyalOpera House renovation and…
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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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WDA signs up car component supplier for £10.7m factory in Resolven, Neath
The WDA and Neath Port Council have signed up TRW Toyoda Automotive (TTA) for a £10.7m factory on the Neath Vale Supplier Park in Resolven, Neath.
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Welsh Office appoints head of WDA and outlines plans for reform of “quango state”
In one of the first quango appointments of the new Government, Welsh Secretary Ron Davies has announced that Brian Willott will head up the Welsh Development Agency.
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BCP buys 7.6 acre site adjacent to Newport Retail Park for £4.5m
Black Country Properties (BCP) has bought a 3.08ha (7.6 acre) site adjacent to Newport Retail Park, Gwent for £4.5m from the Johnsey Estate.
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Welsh Office unveils plans to industrialize the Valleys
The Welsh Office will unveil plans today aimed at creating “industrial villages” in the poor areas of west Wales and the South Wales valleys.
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Morrison secures planning and funding for £16m Carmathen shopping centre
Morrison Developments has secured both funding and planning permission for its £16m Greyfriars shopping centre in Carmarthen, South Wales. Clydesdale Bank, in a joint-venture with the Morrison, is financing the…
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The Pacific Rim finds a home in the Welsh valleys
Companies borne out of the Pacific Rim are still flocking to Wales when they set up in Europe, reports The Times in a special report on relocation.