| - |
|
Top story
|
Exclusive – Cedar House aims to kickstart Waterside
Cedar House Investments is to submit plans in the new year for a major mixed-use development, which it hopes will kickstart phase one of the Waterside regeneration zone in Nottingham. Insider has learnt the developer is looking to deliver offices and shops at the Eastpoint Business Park on Daleside Road site, anchored by a major food retailer. Peter Gadsby, chairman of Cedar House Investments, said: “We’re aiming to submit an application immediately in the new year, when we believe this will complement and kick off the Waterside generation area.” He added that Cedar House was in discussions with Nottingham Regeneration and the local planning authority. Gadsby also revealed that Nottingham City Council was in talks with Miller Birch – of which he is also the chairman – about replicating the success of its NG2 business park in other areas of the city. Phase one of Eastpoint extends to five acres and will accommodate 85,000 sq ft. This will be the first development within the Waterside Regeneration Area.
|
|
|
Deals
|
The Co-op cashes Giro
The Co-operative Bank in Nottingham has funded the management buyout (MBO) of a fuel engineering company. The Co-op’s John Murphy and Neil Wade advised on the purchase of Giro Engineering by joint managing directors Craig Parker and Ann Thomas following the retirement of vendors Paul Williams and Chris Galley from the Hampshire business. Giro, which employs 27 staff, designs and makes diesel fuel injection pipes for marine and other industries.
Towergate acquires Russell Plaice
Lincolnshire independent financial adviser Russell Plaice & Partners has been sold to Towergate, Europe’s largest independently owned insurance intermediary. Cripps Harries Hall advised on sale agreements, due diligence and assignment of the lease and service agreements for all partners at Russell Plaice & Partners. Towergate was advised by its in-house counsel Andrew Hunter.
UHY assists on Multiassistance buyout
Nottingham chartered accountancy firm UHY Hacker Young has advised on the management buyouts of two companies from Multiasistencia. MAGroup is the newly formed holding company for Multiassistance, a process outsourcer for insurers, and construction company MABuild. Both Aylesbury companies will continue operating under their old company names. The legal adviser to the Multiassistance team was Austin Moore at HBJ Gateley Wareing. Funding came from Barclays Commercial Bank. Patrick Billyeald from Berryman provided legal advice to Multiasistencia.
|
|
Business
|
New coms system for Innovation Centre
Lincoln Council has called in ICT consultant 4C Strategies to advise on the installation of a unified communications system for its £7m Innovation Centre. The centre, which opens early next year, is a part of the council’s strategy to encourage business growth and employment in the area.
New scheme for young entrepreneurs
A £3m training, mentoring and support scheme aimed at entrepreneurial university students and graduates across the East Midlands has been launched. Managed by the East Midlands Incubation Network (EMIN), Enterprise Inc is being funded by the region’s nine universities, the European Regional Development Fund and Emda. EMIN chief executive Russell Copley said: “The scheme offers a structured programme of training, mentoring and support for students who opt for self-employment as part of their degree rather than a placement with a business. It also provides them with a bursary of up to £2,500. We expect 500 people to take up the offer over the next three years.”
Equilift goes down
Recovery professionals from accountancy firm Baker Tilly are working to save Leicester lift company Equilift after it was forced into administration. Partner Bob Bailey said redundancies were necessary, adding: “Financial problems developed after the £5m-turnover company experienced severe funding difficulties because of the global economic downturn. As a result the company has made 28 of its 50 employees redundant. The remaining staff, who operate the profitable service and maintenance division, have been retained pending its potential sale as a going concern.”
Beconstruct tackles late payers
Nottingham law firm Berryman has launched a joint venture, Beconstruct, combining its legal expertise in property and construction with the construction and surveying know-how of consultant John Kelly. The venture aims to slow the rise of non-payment of subcontractors.
|
|
Property
|
Care village site sold
Property consultancy GVA Grimley has sold Aston Hall Hospital in Derbyshire to retirement care provider Richmond Villages. The former hospital site spans 32 acres, on which Richmond Villages intends to offer accommodation and care services to over 300 elderly residents. Andrew Sidwell, healthcare business director at GVA Grimley, said: “Fifteen parties were invited, and bidding was generated between five of these, including not-for-profit and commercial organisations. The site was offered with outline planning permission for 13,000 sq m of floor space plus 70 assisted living accommodation units.”
|
|
People
|
Catlow sparks Interfleet expansion
Electrification specialist Richard Catlow has joined Derby-based Interfleet Technology as principal consultant to strengthen the rail consultancy’s infrastructure team. He joins from Network Rail where he was senior electrification and plant testing engineer.
From sport to export
Simon Grandidge has joined UK Trade & Investment as regional marketing and events manager. Grandidge was previously marketing manager with charity Youth Sport Trust.
Howes Percival builds property team
Law firm Howes Percival is creating a property litigation team at its Northampton office. The first two members are associate Jane Bloomer, who has moved from Howes Percival’s Milton Keynes office, and Hannah Lacey, a newly qualified solicitor.
|
|
|
Contact Us
Insider Weekly
Canterbury House
85 Newhall Street
Birmingham
B3 1LH
Telephone: +44 (0)121 232 0980
Email:
editor.eastmids@newsco.com
|
|
Subscribe
To subscribe to the eBulletin,
click here
|
|
-
|
