Mayfield Park c. Studio Egret West & Factory Fifteen

U+I’s hunt for Mayfield funding goes on

The developer is still looking for lenders to back the first phase offices and car park at the large Manchester project. The developer ……. [has] updated the stock market on the “root and branch review” of the business. Shares in U+I fell 5% on Wednesday morning as it reported a pre-tax loss of £86.7m in the year to April compared to a £58.6m loss the year before. The net asset value of its portfolio fell 30% to £202m. A series of disposals reduced debt to £72.1m, a gearing level of…

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AMC Cinema Souq, Jeddah

AMC brings 9-screen luxury cinema to Jeddah

AMC Cinemas, in yet another move to develop the moviegoing experience in Saudi Arabia, has opened its ninth location in the Kingdom at Jeddah’s Stars Avenue shopping mall. It is a first for AMC Cinemas in the Kingdom’s west coast city and will offer moviegoers the same luxurious standards they have come to expect and enjoy from AMC Cinemas elsewhere. The AMC Stars Avenue 9 cinema offers 755 seats across nine auditoriums, including eight luxury screens equipped with 4K Barco Laser projectors, surround sound, and luxe recliner and plush rocker…

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Barton Square, Trafford Centre - Seth Whales via Wikimedia Commons

Peel takes control at Barton Square

Landowner Peel L&P has completed the purchase of the 350,000 sq ft retail and leisure complex, built as an extension of the Trafford Centre before its £1.6bn sale in 2011. Barton Square was put on the market through Savills last year, with bids in excess of £50m invited. Peel, the original developer of both Barton Square and the larger retail centre, was reported to be under offer for the mall in March. The value of the deal remains undisclosed. Mark Whittaker, Peel L&P’s director of property investment and management, said:…

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