St Mungos London Charity Resonance

Resonance rolls out social investment funds to regions

Investing in property to deliver social impacts such as housing refugees or helping homeless people find accommodation is maturing as an investment model, writes John Williams, head of property at Resonance, a Manchester-based fund manager.

Sir Howard Bernstein March 2017 3

Bernstein: I’ve had the time of my life

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Sir Howard Bernstein’s time as chief executive of Manchester City Council comes to an end today. Paul Unger visited Room 212 in the Town Hall earlier this week to talk handovers, missing the mayoral election, favourite architects and planners, not hitting the non-exec trail, a forthcoming museum exhibition in his honour, and much more.

Datum Event Bury, 27th March 2017 Picture By Mark Robinson

Bury life chances report sets out route map to prosperity

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A report commissioned by Bury Council and written by Philip Collins, former speech-writer for Tony Blair and now a Times newspaper columnist and leader writer, who was born in Bury, sets out 25 recommendations to improve the life chances of Bury residents and boost the borough’s economy and prosperity.

Forrest admits £26m of accounting ‘errors’

Directors of troubled contractor Forrest have reported £26m of “errors” in previous years’ official accounts, turning 2015’s pre-tax profit of £3.6m into a £19.2m loss followed by a £6.8m loss in 2016.

Councils offer lending lifeline to Forrest

Greater Manchester Combined Authority has stepped in with £2m to help refinance struggling contractor Forrest to ensure it can deliver a £600m order book, much of it in social housing.

Virgin Media House

L&G sells Virgin Media office

Legal & General Investment Management Real Assets has sold Virgin Media House, a 110,000 sq ft headquarters office building on Concord Business Park, South Manchester for £19.7m to Global Mutual at a net initial yield of 8.29%.