Widespread media coverage and investor fury over Liverpool’s stalled apartment schemes will not spell the end for the “fractional sales” model, according to City Residential managing director Alan Bevan.
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.
Cumbrian property venture BEC has said that it hopes to usher in a “new era” for the town, with a £55m first phase of development at North Shore comprising a four-star hotel, 400-space car park and a 75,000 sq ft office building.
The Warrington-headquartered office design firm has strengthened its holdings in Manchester’s Oxford Court office quarter purchasing the 7,071 sq ft Bartle House for £2m.
Centric Developments is aiming to start work on a 45-apartment scheme in Wigan next month, and has instructed consultants Knight Knox to market the development for sale.
Plans by the Crown Estate for a housing project on greenfield land north of Northwich Road, just outside Knutsford, are set for approval after the landowner cut the number of homes proposed for the site from 260 to 190.
Caroline Baker has been appointed head of Cushman & Wakefield’s Manchester office, replacing John Keyes, who has been named chair of public sector in a national role.
The Gym Group has opened a 20,000 sq ft leisure facility at Manchester’s Toast Rack, with a contractor close to being named to deliver 210 apartments at the site, formerly home to MMU’s Hollings campus.
Office agent Andrew Gardiner has been appointed as a director in Lambert Smith Hampton’s Manchester office, moving from TSG Property Consultants, which he set up with Trevor Sloan in 2011.
The board of Hammerson said that perception of the UK retail market had “deteriorated” since December when plans for a takeover of Trafford Centre owner Intu were announced, its decision to withdraw coming days after major shareholders said they would vote against the deal.
