Lancashire launches £20m fund for industrial and office projects

The Wirral-based housing association will use the funding package from NatWest to build more than 1,000 homes over the next five years.

The Greater Manchester Pension Fund has acquired the manufacturer’s 590,000 sq ft Oldham Road complex from Rock Co. 

Metro mayor Steve Rotheram confirmed that the club has secured private sector funding for its 54,000-capacity ground at Bramley-Moore Dock and no longer requires the loan. 

Allerdale Council’s executive committee has agreed the business cases for the five projects it will put forward to government for final approval, with sports to the fore.  

Urbana Partners has made its first Manchester acquisition, buying 17 Quay Street for an undisclosed sum. 

The construction group said that its £127.7m pre-tax profit was double that of last year and represented an increase of 41% over 2019 in its annual financial report for the year ending 31 December 2021.

The government has wrapped up its technical consultation for changes to business rates reviews, a 12-week endeavour that shared more detail on the actual implementation of the new plans.

The deal will provide the university with cash to deliver its strategic plan while the investor will accrue rent from three Preston student blocks. 

The investor has instructed CBRE to sell No 5 St Paul’s Square, a fully let 136,000 sq ft city centre scheme. 

M&G Real Estate has acquired multi-let holdings in Altrincham, Haydock and Aintree as part of a nine-estate, 1.5m sq ft deal with Patrizia.

Palm Capital has sold the 136,000 sq ft 101 Old Hall Street to London-based investor Priory RE. 

The sale of Bury FC’s 12,000-capacity stadium has been concluded, paving the way for the return of football to the historic ground.

All seven projects put forward for the programme have been approved by government, unlocking £22,1m of funding.

Joint venture partners Oak View Group and City Football Group have closed a debt financing arrangement to support development of the 23,500-capacity arena.

The flexible workspace sector prepares for a shake-out. Meanwhile, the land registry shows an increase in property owned by tax haven corporations – is this the beginning of Manchestergrad?

Kings Park Capital is once again the owner of the pub chain, purchasing the company back from Alchemy Partners.

Mileway is a last-mile logistics company with 25 sites in the North West, including at Wingates Industrial Estate in Bolton, Walker Industrial Estate in Blackburn and Glacier Buildings in Liverpool.

Manchester city centre’s for-sale apartment market could be at a crossroads, thanks, in part, to the cladding crisis. Plus: gap funding is back.

Leaders from across the North displayed renewed vigour and optimism for levelling up yesterday, but key questions on how it will be delivered remain.