Blackpool buy boosts Breck’s portfolio

The logistics developer has increased its revolving credit facility to £130m, among other steps taken to boost its financial position in challenging market conditions. 

Property Alliance Group, the developer behind Axis Tower in Manchester, has bought Northgate Business Park from OCS Group in a sale-and-leaseback deal. 

Blackpool is the new North West place for business says Nick Gerrard, growth and prosperity programme director at Blackpool Council.

Financial results published since the contractor collapsed into administration show the group's construction arm made a £5m loss in 2019 compared to a £95,000 profit the year before.

An update on Lancashire’s £430m City Deal, the county’s housing supply and the latest on Blackpool’s £1bn regeneration were on a wide-reaching agenda at Place North West’s Lancashire Development Update.

The company behind the Government's HS2 rail project was over-ambitious and there is "significant uncertainty" as to whether it can be completed between 2036 and 2040 as planned, a report from said.

This year will see fresh services launched including a development map to complement news stories and branded content production for partners.

Preston, South Ribble and Chorley councils have started an issues and options consultation as the authorities seek to map out development in Central Lancashire over the next 15 years.

Marcus Worthington & Company, the construction division of Marcus Worthington Group, has been placed into administration.