Christine Gaskell, chair of the Cheshire & Warrington LEP, told an event at MIPIM that the region has the potential to create the world’s first zero carbon industry cluster, based around its Energy Innovation District proposition.
The Warrington-based developer, behind projects including Sci-Tech Daresbury and the regeneration of Parkside Colliery, has reported a 29% increase in net asset value and an increase in profit in its annual results.
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%.