Cromwell sells Cheadle office
Australian investor Cromwell Property Group has sold Poseidon House in Cheadle, Stockport to a London-based private investor for £6.9m, reflecting a net initial yield of 6.8%.
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Manchester MIPIM schedule revealed
The Manchester at MIPIM Partnership has released its full schedule of events for its twentieth year exhibiting at the international property event.
Three North West stores to close following HMV sale
HMV stores in Southport and at the Trafford Centre, along with the Manchester branch of Fopp, are to close following the sale of the music retailer to Sunrise Records & Entertainment.
PRS brand takes 800 Middlewood Locks apartments
A joint venture between Delancey Oxford Residential, APG and Qatari Diar has confirmed the forward-purchase of more than 800 rental homes at Middlewood Locks in Salford, to be managed by its Get Living platform.
Patisserie Valerie closures and job losses confirmed
KPMG, administrator of Patisserie Holdings, has confirmed the closure of 27 Patisserie Valerie stores, 19 Druckers stores and 25 Patisserie Valerie concessions, ten of the closures in the North West.
Contract up for grabs on £24.5m Heywood link road
The 2.8km link road between Pilsworth Road and junction 19 of the M62, intended to open up development around South Heywood, has been put out to tender by Rochdale Council.
‘Rogue directors’ of office-to-resi developer banned
Six directors, including one based in Wirral, have been banned for a total of 54 years after more than 300 investors lost a combined £12m on residential property, including a scheme in Manchester.
Clipper deal adds to South Manchester momentum
The South Manchester office market is on course for a record-breaking year, as insurance broker Bollington Wilson’s letting of the 27,400 sq ft Clipper House in Sale added to a raft of fourth quarter deals.
OakNorth expands in Manchester
Challenger bank OakNorth, which has backed developments by Fortis and Select Property in Salford, is aiming to double staff numbers at its Manchester office next year including the addition of a number of senior roles.
Burnham backs IPPR call for Powerhouse shift
The Mayor of Greater Manchester, Andy Burnham, has called for more investment and devolution for the North as an Institute for Public Policy Research report highlighted falling public spending, while spending in the South increased.
