
Preston Sainsburys changes hands for £54m
Legal & General has sold the 78,000 sq ft store in the town centre to Supermarket Income REIT for £54.4m in a deal reflecting a net initial yield of 5.1%.
Legal & General has sold the 78,000 sq ft store in the town centre to Supermarket Income REIT for £54.4m in a deal reflecting a net initial yield of 5.1%.
Pillars Construction has put forward plans for three residential blocks on Avenham Lane in Preston, totalling almost 300 flats.
The local authority has provided more detail on the masterplan to guide the regeneration of a 61-acre swathe of the city centre, focussed around Queen Street Retail Park, Cardinal Newman College, and St John’s the Minster.
The Secretary of State has given the go-ahead for Lancashire County Council to start land assembly for the Preston Western Distributor, set to open in 2023.
The restoration of the site around Preston’s brutalist bus station will complete by the end of the year with contractor Engie now carrying out the last package of public realm works.
Bam and Bowmer & Kirkland have been shortlisted for the Hawkins\Brown-designed building in Preston, set to provide 78,500 sq ft of education and amenity space.
The site of the former Park Hotel overlooking Avenham and Miller Park is set to be brought back into use as a mixed-use destination featuring a four-star hotel and office space.
Lancashire County Council is set to sign off an updated planning application for a £190m road linking the A583 with Cottam and the M55 with the project due to start next year subject to approval from the Secretary of State.
Following the completion of groundworks and piling, contractor Warden Construction has started on the main build of a 43,000 sq ft Porsche dealership in Preston, designed by architect Cassidy + Ashton.
The contractor has handed over £2m of refurbishment work at the Capitol Centre retail park in Preston to its owner, long-term Seddon client Royal London.