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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Government hands out £100m of regenerations cash

Oldham, Rochdale and Maryport are among nine North West towns to be awarded a combined nine-figure sum from Whitehall’s Future High Streets Fund.  Last December, the Government announced it would award 72 areas across the UK a share of £831m in a bid to level up the regions. The nine North West towns were among 57 places that received provisional funding offers late last year, which have now been finalised.  Oldham has been awarded almost £11m to make improvements to public realm, boost active travel and pedestrianise the lower end of Lord…

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Kings Chase Shopping Centre, Kingswood

South Gloucestershire Council buys Kings Chase shopping centre for £10m

Deal for Kingswood’s retail complex could see redevelopment with new homes as part of £25m town centre transformation. Kings Chase shopping centre in Kingswood could be turned into homes and leisure as well as retail after South Gloucestershire Council announced it had bought it for £10million. It solves the mystery “significant” property deal, at the heart of a £25million transformation of the town centre, which the authority has kept under wraps since February because of commercial sensitivity while negotiations concluded. The purchase of the complex and car park is a major…

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