Infrared Shed Sale

M6 corridor portfolio sold for £320m

InfraRed Capital Partners has exchanged contracts on the sale of the 4.5m sq ft Powerhouse portfolio of light industrial units, to real estate funds managed by Blackstone and M7 Real Estate.

Preston Road 2

Land assembly starts on £190m Preston road scheme

Land assembly and compulsory purchase orders for a 4.3km dual carriageway to the west of Preston, connecting the A583 Preston to Blackpool Road at Lea with a new Junction 2 on the M55, are due to start after being approved by Lancashire County Council.

KF Delph Court St Helens Lower Res

Network Space shifts portfolio for £42m

The Newton-le-Willows developer has sold a 630,000 sq ft industrial portfolio to investor Colombia Threadneedle for £41.9m, reflecting a net initial yield of 6.37%.


Liverpool edges towards spatial framework

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Neil Tague

Liverpool City Region Combined Authority and West Lancashire Council have published a draft Strategic Housing and Employment Land Market Assessment, a key stage in putting together its Single Spatial Framework to guide development up to 2037.

Guildhall Street Warehouse Conversion

Preston pushes city living with fresh strategy

Cushman & Wakefield has produced a city living prospectus for Preston City Council as the authority seeks to attract investment into residential projects within the city centre.

We Are Lancashire

We Are Lancashire: the place for growth – Summary, slides + pictures

More than 120 developers, investors and property professionals drawn from across the North West gathered for a special inward investment event focusing on the commercial opportunities and investment potential offered by Preston, South Ribble and the Central Lancashire region.

St Modwen posts £197m profit drop

The Birchwood-based developer recorded a turnover of £287.7m in 2016, equal to its revenue in 2015, however profits dropped from £258m to £60.9m this year.