Troubled construction group Carillion has agreed to sell its two-thirds stake in Northern commercial property developer Ask.
Carillion is looking to shed its non-core interests after an accounting black hole resulted in its share price crashing by 75% in July. Today’s deal follows the £50m disposal of part of its UK healthcare operation last week.
An industrial estate in St Helens has changed hands for £9.0m.
AEW UK Long Lease REIT plc has bought Pocket Nook Industrial Estate, a 16.1 acre site that generates almost half of its income from Biffa Waste Services, which has a lease until 2134.
A £14.2m apartment scheme, which will be located on one of Manchester’s key arterial routes, has been given the go ahead by planners.
Plans submitted by regeneration specialist Galliford Try Partnerships North West in June for the development on Princess Road has been approved.
Q I retired 10 years ago and split my time between my holiday home in the Algarve for six months of the year and travelling in my motor home. I do not have a main residence in the UK, but I did inherit a flat which I have rented out for approximately 15 years – although when I have needed to work on it I have lived there...
The housing market has slowed slightly but consumers are still feeling confident enough to take out unsecured loans, according to data released on Monday by the Bank of England.
People on the building society’s variable rates would see a 0.25% increase in their monthly bill, if the Bank raises the base rate to 0.5%
Women fleeing domestic abuse have told the BBC's Victoria Derbyshire programme they are being left homeless because councils are failing to provide them with suitable temporary accommodation.
A welcome U-turn on the housing benefit cap for supported housing still leaves private tenants to face crippling rents and being turfed out on the streets
Rush for dwindling supply of fixed-rate deals as Bank of England is expected to increase base rate this week
Councils are braced for a Budget crackdown on their exploits in the commercial property market, amid mounting Government concern that bad investments could trigger a funding crunch for local services.
The Chancellor is expected to unveil tough new rules on council investing next month. Whitehall officials fear that attempts by councils to bolster their income by ploughing borrowed millions into office developments and shopping centres have put their finances at risk.
The modular or flat-pack home - often associated with low-cost accommodation - is being transformed by a Filipino entrepreneur.
Survey reveals 6m Britons fear never being debt-free with 25% struggling to make ends meet and 62% worried about personal debt levels
While British residents and companies have to pay tax on commercial property sales, foreigners don’t. This manifest unfairness must end
Average arable land values in England and Wales have slipped back to 2012 levels as a market correction in the eastern counties continues.
Carter Jonas says data from its transactions shows arable values at £8,967/acre – about 8% down on the same period last year.
Halifax survey sounds new warning over health of UK economy with 1 in 5 thinking prices will drop amid rising inflation and looming interest rate hike
A Mansfield high street bank valued at around £1.1m will be brought to the commercial property market this month (15 and 16 November) as part of a multi-million-pound UK-wide auction by Nottingham-based online auctioneer John Pye Property.
The Halifax branch, located on Stockwell Gate, will remain open for business as usual following the sale.
Nottingham’s intu Victoria Centre and intu Broadmarsh contributed £314.7m to the local economy last year, according to intu – the firm which owns the malls.
intu says that nearly 6,000 local jobs were also supported by the two centres in 2016, representing 2.3 per cent of all jobs in the area.
St Helens Council has gone shopping in the town, spending £26.6m on its main shopping centre.
It had previously tried to buy the centre in 2013, but was outbid by an investment management company acting on behalf of the Mars Pension Fund.
The mayor of London has said that 65pc of the new homes built in London should be affordable while calling on the Government to boost power and funding given to City Hall in the Budget.
He said that in a new assessment of housing need, to be published next month, the target for the number of homes built every year will be revised up from 29,000 to 66,000.
A high street bank valued at around £1m will be brought to the commercial property market this month as part of a multi-million-pound UK-wide auction.
The Barclays branch, located on Victoria Street next to the Freshney Place shopping centre in Grimsby, will remain open for business as usual following the sale, which is being managed by online property auction specialists John Pye Property.
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