Goldman Sachs spends £150m on regional housing

The Greater Manchester Local Enterprise Partnership and the city’s Growth Company have pledged to provide support and advice to local businesses as the UK announced its Brexit deal with the European Union today.

One Heritage Group, a company focused on delivering residential and co-living spaces in Greater Manchester, has been admitted to the London Stock Exchange’s main market.

Schroder Real Estate Investment Trust has paid £17.25m to buy Stanley Green Trading Estate and a three-acre development plot in Cheadle from MAS Real Estate, reflecting a blended net initial yield of 5.2%.

The council has submitted a bid to the Government’s Towns Fund, with an advanced manufacturing institute within Kingsway Business Park at the heart of its proposal.

Canada Pension Plan Investment Board, which trades as CPP Investments, has scooped up the mall’s ownership by exercising share rights as the main secured creditor of the asset’s owner, Intu Trafford Centre Group.

The combined authority has formed a 24-member panel of experts and leaders representing the city-region’s communities, designed to combat racism and race-related discrimination.

Oldham’s Town Deal Board has submitted plans to secure support from the £3.6bn Towns Fund, with a focus on five capital projects.

One of the collapsed mall owner Intu Properties’ biggest creditors, Canadian pension fund CPP Investments, is close to agreeing an £800m deal to take over the Greater Manchester shopping centre, the culmination of a five-month marketing process.  

The listed developer has sold an 11,000 sq ft unit at the Bury business park to logistics and distribution firm Youthstar, which is relocating from Cheetham Hill in Manchester.