Wales
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John Laing stops looking at small PFI schemes because of costs and risks
The John Laing building group has stopped looking at small schemes for the government’s Private Finance Initiative because of the costs and risks involved.
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Western Corrugated exercises option to buy Renshaw property for £3m
Renshaw has sold its freehold premises at Springvale Industrial Estate, Cwmbran, Gwent, for £3m to Western Corrugated, which exercised an option acquired in 1994.
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Ebbw Vale factory outlet scheme 50% let as construction starts
Over 50% of Rockeagle’s 8,361sq m (90,000sq ft) Festival Park factory outlet shopping centre in Ebbw Vale, South Wales, is pre-let as construction begins, says Ian Barbour of letting agents…
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WDA sells Newport warehouse for £6.5m
Central Union Developments and Mobax Securities have paid the Welsh Development Agency £6.5m for the freehold of a 13,935 sq m (150,000 sq ft) warehouse at Queensway Meadows, Newport, south…
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Foreign investors help regions achieve fastest manufacturing growth
Regions benefiting from the flow of foreign investment are achieving the fastest manufacturing growth, according a survey published today by Business Strategies, the economic consultancy.
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Matsushita to expand Cardiff plant
Matsushita Electric of Japan is to invest £7.6m at its Cardiff plant in an expansion which will create more than 300 jobs over the next three years.
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Europe’s first hardboard mill in 20 years opens in Wales
The UK’s largest greenfield manufacturing start-up to be funded by venture capital opened yesterday — a £40m hardboard mill, near Ebbw Vale, in south Wales.
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Greenalls buys Cardiff offices for refurbishment as hotel
Greenalls Group has bought a redundant office building at Jctn 32 of the M4 in south Wales for refurbishment as a hotel.
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Agent hails Discovery House deal as Cardiff’s best rent in five years
In what is believed to be a record office rent for Cardiff, solicitor Howard Palser Grossman Hermer & Partners has taken a pre-let on the 1,749sq m (18,826sq ft) Discovery…
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GRO to raise £750,000 through Ofex floatation
Property investment company specialising in ground rents, GRO Properties, is to raise £750,000 through a floatation on the Ofex market later this month.
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Alberto Culver pours £3.15m into Swansea plant
US-owned haircare and toiletries company Alberto Culver is to build a new 4645 sq m (50,000sq ft) factory next to its European headquarters on the Swansea Enterprise Park in South…
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Welsh Office coy about aid levels in LG deal for Newport, South Wales as Wales celebrates its victory
The Welsh Office is attempting to play down the £200m package which helped to lure South Korean LG to Newport, South Wales, for a record £1.7bn plant investment, announced yesterday.