Eastlands

Arena lined up as Manchester updates Eastlands masterplan

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Manchester City Council's executive will this week consider a proposal to refresh the regeneration framework for Eastlands, with officials citing a need for major development at the Etihad campus along with more commercial development and affordable housing in other areas.

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Power provider seeks property partners

Electricity North West, the network operator and provider of power to Greater Manchester, Lancashire and Cumbria, has launched a drive to establish strategic partnerships with developers and major landowners.

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Morgan Sindall posts 23% profit hike

The multi-disciplinary contractor has reported group revenue up by 6% to almost £3bn, with pre-tax profit reaching £81.6m in its full year results.

Peter House Manchester

Patrizia confirms Peter House sale

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German investor Patrizia Immobilien has announced that its UK Value 2 Fund has completed the disposal of Manchester office building Peter House to BP Pension Fund for £45.1m, reflecting a yield of 5.12%.

Intu reports £1bn loss as portfolio value plummets

The retail business, which operates the Trafford Centre among a 20-strong estate, has reported a loss of £1.1bn after a torrid year for retail saw the value of its portfolio written down from from £10.5bn to £9.2bn.

PRS REIT Aerial

PRS REIT picks up four more sites

The PRS REIT has continued its acquisition spree, signing contracts for four additional sites over the course of January.