Salford seeks feedback on Crescent masterplan

Property and hospitality businesses in the city-region expressed a mix of anger, frustration, fear and dismay after mayor Andy Burnham’s attempts to secure more funding to accompany tougher Covid-19 restrictions crumbled on Tuesday.

The CBRE-managed North West Evergreen Fund has provided a £10.75m loan for InfraRed Capital Partners to complete its 172,000 sq ft Raven Locks speculative industrial scheme on brownfield land in Little Hulton, Salford.

The investor has sealed a ground rent deal under which it will acquire the freehold of more than 1,800 residential and commercial properties across Bolton and increase the value of its portfolio by 50% to £100m.

The board staking the Stockport suburb's claim for a Town Deal worth up to £25m has confirmed it is on course to submit its investment plan next month, within the Towns Fund’s second cohort.

Hear from Ellandi, Savills, Kampus, CWAC and others as they debate the future of town centres at this special interactive Place North West event with networking, panels and presentations next week.

The logistics sector across the North of England has the potential to achieve transformational growth and create an additional 174,000 jobs by 2050 if key barriers are addressed, according to research commissioned by logistics developer Tritax Symmetry and written by planning and development consultancy Turley.

The likelihood of long-lasting socio-economic changes brought about by Covid-19 could influence the six intervention areas in its £1bn masterplan, the council’s advisor Deloitte said.

Plans for a manufacturing technology centre on Kingsway Business Park have been endorsed by UK Research & Innovation, which has awarded a small grant from its Strength in Places Fund for the design to proceed to the next stage.

Administrators for the Greater Manchester shopping centre’s parent Intu Properties have selected CBRE to market the asset for sale for an undisclosed asking price.