Intu in ‘constructive discussions’ over £1bn equity raise

The company behind the Government's HS2 rail project was over-ambitious and there is "significant uncertainty" as to whether it can be completed between 2036 and 2040 as planned, a report from said.

Six projects are due to receive a combined £14m from the Greater Manchester Combined Authority's housing fund, in the latest wave of investments which would take the total value of loans issued since the fund's launch to £456m.

Occupiers leased more than 1.45m sq ft of city centre office space last year, slightly below the record in 2018, according to the Manchester Office Agents Forum.

The grade-two listed former mill in Salford has been awarded a £746,000 grant from the National Lottery Heritage Fund for repairs.

This year will see fresh services launched including a development map to complement news stories and branded content production for partners.

Orbit Developments, through its investment business North West Portfolio, has acquired Kingsgate House in Stockport town centre from Kames Capital.

Manchester is set for a period of major growth in all sectors, including its population, housing, and offices over the next decade-and-a-half according to the city council's annual State of the City report.

The financial advisory firm has taken 5,100 sq ft at Tower 12 in Spinningfields on a five-year lease.

In the past 12 months, Manchester has seen house price growth of 4.5%, while London experienced an increase of only 0.2%, writes Joanne Parr of Close Brothers Bridging Finance.