COMMENT | Funding for growth in Manchester
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.
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Grosvenor eyes regional expansion
Grosvenor Britain & Ireland has announced plans to invest between £10m and £30m in housing and retail repurposing with a particular focus on Greater Manchester, Merseyside, and Liverpool.
Talash brings hotels to market
Two hotels in Cheshire and one in Wigan have been brought to market as part of a wider portfolio sale by Talash Hotels Group.
Bruntwood and Trafford set seal on three-part £50m deal
Trafford Council and Bruntwood Works have exchanged contracts on a joint venture to take forward Stretford Mall, along with the Stamford Quarter shopping centre and Clarendon House in Altrincham.
Cording sells off Wigan industrial
Cording Real Estate Group has sold a Wigan industrial estate as part of a £20m disposal reflecting a net initial yield of 8%.
Altrincham Asda sold for £22.5m
Aberdeen Standard Investments has sold a 71,000 sq ft Asda foodstore in Altrincham for £22.5m to the Greater Manchester Pension Fund.
Salford advances major road projects
Salford Council is set to sign off a series of highway improvements, chief among them the commitment of £4.5m to the Trafford Road corridor vital for accessing MediaCity and Salford Quays.
Owner-occupier buys industrial site
Oxenwood Real Estate and Stoford Developments have sold a 126,000 sq ft logistics facility at Stone Cross Park in Golborne, also announcing a start on site by GMI on a 72,500 sq ft neighbouring building.
Trafford secures Bee Network funding
Transport for Greater Manchester has committed £21m in its latest walking and cycling route investment, with £10.4m to be spent linking Sale town centre, Sale Moor and Sale Water Park to Chorlton, and £11.5m allocated to Urmston.
Greater Manchester releases industrial plan
The city region’s leadership has joined with Government in publishing the Greater Manchester Local Industrial Strategy, the long-term plan aimed at increasing productivity.
