Wales
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Newport Holdings in £1.23m three-property deal
Newport Holdings has exchanged contracts for the purchase of three freehold retail investments let to Woolworth for £1.23m. The properties are in Abertillery, Milford Haven and Tonypandy, south Wales.
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Government to announce shortlist of bidders for 700 DSS offices
The government will this week announced a shortlist of six bidders to enable The Department of Social Security (DSS) to transfer 700 offices to the private sector under the Private…
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Bass Leisure to operate bowling alley at £30m Atlantic Wharf development, Cardiff Bay
Bass Leisure has signed up as the operator of a bowling alley at the 18,580 sq m (200,000 sq ft) £30m Atlantic Wharf leisure complex on Cardiff Bay.
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Mid Wales has record year with both jobs and investment
According to the Development Board for Rural Wales (DBRW), Mid Wales attracted £32m of private sector investment. Along with the jobs created, this ensured a record year.
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Welsh Water’s £150m waste treatment works for Cardiff approved
Welsh Water, one half of the new Hyder utility group, which supplies water and electricity to the principality, has been given approval for a new £150m waste treatment works near…
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Nursing Home Properties makes £1.88m Bridgend acquisition
Nursing Home Properties has bought a 60-bed nursing home in Bridgend, Mid Glamorgan, Wales for £1.88m through NHP Securities No 1.
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Colorvision closes 15 branches
Fifteen branches of Colorvision have closed. Receiver Arthur Andersen took the decision after they were called in last week. It are still trying to stabilise the business.
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Outcry at bid to lure businessmen to Wales with half-price factories and low rents
MPs cried foul at The Development Board for Rural Wales’ bid to lure thousands of businessmen in England with half-price factories and low rents.
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Brent Walker sells marina to Brunswick for £9m
Brent Walker has sold Brighton Marina to Brunswick for £9m . The purchaser, a Sussex-based property group, plans to spend £40m over the next five years developing the site.
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Railtrack wins renewal of planning consent for Cardiff offices
Railtrack has been granted a renewal of its outline planning consent for 4,208sq m (45,300sq ft) of offices on the site of the former Station Hotel, Cathays, Cardiff, in the…
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Ibstock £160m acquisition of Redland Bricks completed
Ibstock’s £160m acquisition of Redland Bricks was completed yesterday. Trade Secretary Ian Lang cleared the deal two days ago. The Daily Telegraph 1/8/96 page 23.
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Whitbread buys Pelican restaurant chains for £133.1m
Whitbread has bought Pelican, the restaurateur which owns the Cafe Rouge and Dome chains, for £133.1m. Pelican shares have risen tenfold over the past five years and have doubled in…