Pre-development cash secured for Southport attraction

The local authority has signed off on a masterplan for Liscard, but councillors asked for further advice on acquiring the Co-op store in New Ferry to enable a mixed-use development.

Schroder Real Estate Investment Trust has paid £19.85m for four industrial assets in the North West, reflecting a net initial yield of 6.9%, with Valley Road Industrial Estate the largest component.

The multi-let investor has bought Junction 1 Business Park, the largest transaction in a hat-trick of deals that included acquisitions in Stockton-on-Tees and Coatbridge. 

Greater Manchester Pension Fund and Merseyside Pension Fund joined forces with a collective of Nordic and UK pension funds to agree to spend $130bn, or £95.4bn, in clean energy and climate investments by 2030.

The organisation said that its programme squares with the national levelling up agenda as it gears up to start negotiations with the Welsh and UK governments.

Liverpool, Manchester, Bolton, Barrow-in-Furness and Wirral were some of the areas to receive government money in the latest announcement.

The firm’s investment business has completed the disposal of a multi-let industrial estate in the Merseyside district for £1.2m, achieving a net initial yield of 7.16%.

Two offices totalling 150,000 sq ft form the first phase of the £1bn regeneration of the town centre, being led by Wirral Council and Muse Developments. 

The insurance company is to move into a larger office at Abbots Park, taking an additional 3,000 sq ft.