Liverpool steps up fibre programme

A special cabinet meeting convened by Knowsley Council will tomorrow consider a report on the purchase of Kirkby town centre from St Modwen, the developer having accepted an offer in principle.

The troubled retailer’s proposed Company Voluntary Arrangement has been approved by creditors, meaning it will move ahead with plans to close 22 stores next year, including Altrincham and Southport.

The schedule for Liverpool City Region’s MIPIM campaign has been released ahead of the international property showcase in Cannes next month.

Wirral Council is expected to approve the acquisition of the Vue cinema in Birkenhead for around £7m at a cabinet meeting next week, as part of its wider investment in sites around Europa Boulevard.

HMV stores in Southport and at the Trafford Centre, along with the Manchester branch of Fopp, are to close following the sale of the music retailer to Sunrise Records & Entertainment.

North West projects contributed to a successful year for St Modwen, the developer said, as its annual results showed a £60.5m profit for the year 2018.

The proposed removal of flyovers to enable regeneration south of Birkenhead town centre has been welcomed by Ion Developments, a key landholder in the area.

KPMG, administrator of Patisserie Holdings, has confirmed the closure of 27 Patisserie Valerie stores, 19 Druckers stores and 25 Patisserie Valerie concessions, ten of the closures in the North West.

Six directors, including one based in Wirral, have been banned for a total of 54 years after more than 300 investors lost a combined £12m on residential property, including a scheme in Manchester.