Cordatus Property Trust, a joint venture between CBRE Global Investment Partners and Cordatus Real Estate, has acquired a Selco trade centre unit in south Manchester as its latest addition to the fund.
Manchester City Council's executive will this week consider a proposal to refresh the regeneration framework for Eastlands, with officials citing a need for major development at the Etihad campus along with more commercial development and affordable housing in other areas.
Electricity North West, the network operator and provider of power to Greater Manchester, Lancashire and Cumbria, has launched a drive to establish strategic partnerships with developers and major landowners.
German investor Patrizia Immobilien has announced that its UK Value 2 Fund has completed the disposal of Manchester office building Peter House to BP Pension Fund for £45.1m, reflecting a yield of 5.12%.
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.