GMSF Area

GMSF consultation to close on Monday

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Consultation on the Greater Manchester Spatial Framework has just three days to run, bringing to a close a two-month process examining a plan described this week by Mayor Andy Burnham as supporting “ambitious levels of growth”.

Quantum House

Eric Wright sets out £100m five-year plan

The Lancashire property and construction company is aiming to build up a £100m portfolio, the news coming on the back of three deals that leave it with a portfolio of £64m.

Timperley Wedge Allocation

Trafford Tories add to GMSF pressure

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Neil Tague

A motion has been submitted by the local authority’s Conservative group ahead of Trafford Council’s meeting next week asking leader Andrew Western to pressure the Greater Manchester leadership over its proposed spatial framework.

Spine Image

Morgan Sindall posts 23% profit hike

The multi-disciplinary contractor has reported group revenue up by 6% to almost £3bn, with pre-tax profit reaching £81.6m in its full year results.

Intu reports £1bn loss as portfolio value plummets

The retail business, which operates the Trafford Centre among a 20-strong estate, has reported a loss of £1.1bn after a torrid year for retail saw the value of its portfolio written down from from £10.5bn to £9.2bn.

Poseidon House, Cheadle

Cromwell sells Cheadle office

Australian investor Cromwell Property Group has sold Poseidon House in Cheadle, Stockport to a London-based private investor for £6.9m, reflecting a net initial yield of 6.8%.