Despite pre-tax profit falling from £95.2m to £71.8m, the primary care developer has reported a healthy set of results for the year to 31 March 2018, with a 22.3% increase in rent roll to £91m and a portfolio now valued at £1.7bn.
Lord Jim O’Neill, vice-chairman of the Northern Powerhouse Partnership, has called on Government to conclude a devolution deal for Cheshire and Warrington this year, a move welcomed by local business leaders.
Central Manchester’s office market is firmly on course for a fifth consecutive 1m sq ft-plus year, with first quarter take-up more than doubling 2017's first quarter total at 442,000 sq ft, according to the Manchester Office Agents Forum.
The Northern Powerhouse Partnership has called on Government to deliver Northern Powerhouse Rail by 2032/33, providing high-speed links between regional cities at the same time as HS2 reaches the north.
Renaissance House in Centre Park, Warrington has been sold to a private investor by Greenridge Investment Management on behalf of one of its regional funds, Greenridge UK Regional Property No1 LP, for £10.5m, reflecting a net initial yield of 5.69%.
Warrington Council’s executive board will next week be asked to give the go-ahead to Omega Local Highways Phase 3, a series of improvements to the road network around the Omega site, now firmly established as a logistics hotspot and moving into a phase of residential development.
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.