Bruntwood SciTech boosts funding facilities

Bringing in more than £325,000 in rent per year, the 27-apartment asset on the upper floors of 25 Cross Street is being marketed by LSH.

RG Group is main contractor on Round Hill Capital and Olympian Homes’ £165m project, which will offer close to 500 apartments in towers of 29 and 23 storeys.

The Bolton-based contractor has appointed liquidators, Place North West understands.

Opposition politicians couldn’t stop themselves gleefully referring to it as the ‘Emergency Budget’, but what does Rachel Reeves’ speech mean for the development and construction industry across the North?

Greater Manchester’s response to the ‘A Railway Fit for Britain’s Future’ national consultation, which closes on 15 April, will outline asks including setting local fares, developing underused land around stations and a statutory role in major decisions.

The Debenhams name has this month been claimed as the new identity of Boohoo, which bought its brand from administrators in 2021 – a move highlighting the regard that the storied department store group was held in. But what became of its vast former estate?

Following commitments of £500m in October and £350m in February, Chancellor Rachel Reeves said an additional £2bn slug would enable a further 18,000 homes across the country.

The practice that designed the well-known Stockport Pyramid went under owing £744,000 to creditors.

A five-year £19.2m loan from Secure Trust Bank has recapitalised the 242-bed asset, bought by Orka Investments in 2023 and now held in partnership with BGO Strategic Capital Partners.

Set to guide development in the borough up to 2040, the document has now been lodged with the Secretary of State for examination.

Planning inspectors have told the local authority it can formally adopt what it bills as the country’s first brownfield-only Local Plan, replacing a 25-year old development framework.

Government funding of £5m will kickstart SportsTown, a development programme around Oldham Athletic’s Boundary Park that the club and council said could swell into a “transformative” £70m campus.

More than 750 homes and 150,000 sq ft of commercial space are inching closer in the proposed redevelopment of Pilkington’s former glassworks.

Working with GMCA and developer partner Peel Land, the local authorities envisage delivery of 9,000 homes, 3.7m sq ft of industrial space, and 312,000 sq ft of offices by 2035.

An 8,500 sq ft Sainsbury’s Local, marketed at £3m, has been purchased by the North East investor.

The need for society to be connected and the rapid adoption of AI are driving the requirement for more and better digital infrastructure, including data centres, according to Thomas Pearson, partner at JMW.

Reducing the size and workload of planning committees and strengthening development corporations are among the key features of Labour’s proposed reforms.

Like many local authorities across the country, Bury Council is on a mission to breathe new life into its town centres. Chief executive Lynne Ridsdale spoke to Place North West about how her organisation is funding that vision.

The Altrincham-based healthcare investor has told KKR and Stonepeak Partners it would be minded to recommend shareholders accept the deal, following an increased indicative offer.