Town Hall refurb ‘on track’ for 2024 completion

Citing a mix of cost saving measures, long-term framework agreements and the sale of Kier Living, the Manchester-based construction firm said its results for the fiscal year ending 30 June will be moderately ahead of board expectations.

Legal & General's new path in urban regeneration; new data suggests it's time to revalue your leisure property assets; and a Manchester Victoria office deal reveals the new normal.

The sustainability-linked debt facility with Aviva Investors is the Manchester-based developer’s second, following a £95m deal with Legal & General last month.

The Insolvency Service has barred Antonio Garcia-Walker from being a company director for eight years after he misused more than £4m of investor deposits on schemes in Liverpool and Trafford. 

The listed developer, part of the consortium delivering Manchester’s £1.4bn Mayfield regeneration, said it would spend the next year “resetting the business” after reporting an £86m loss last month.

The co-working company is doubling down on efforts to cement its presence in the North West by targeting what it terms “enterprise” occupiers, those with more than 500 employees, for future growth.

Manchester City Council leader Sir Richard Leese described plans for a facility combining shared electric cars and e-bikes with a last mile delivery consolidation centre as “transformational”, as the application went in this week.

The developer is still looking for lenders to back the first phase offices and car park at the large Manchester project, the developer said as it updated the stock market on the “root and branch review” of the business.

Take part in the fourth Vertical Salary Review of North West property and construction professionals to receive early access to the findings and be entered into a draw to win a pass to a year of events, including the sold-out Place Party.