|
Top story
|
Liverpool FC agree sale after boardroom drama
Liverpool FC’s board of directors have agreed to sell the club to US-owned New England Sports Ventures (NESV) following a night of high drama at Anfield. Chairman Martin Broughton this morning confirmed that a deal has been agreed with NESV – owner of the Boston Red Sox baseball team – subject to Premier League approval and the resolution of a board dispute.
|
|
Property
|
Milestone approval for Liverpool Science Park
Liverpool City Council’s planning committee has given the go-ahead to a third building at Liverpool Science Park. The park’s chief executive Chris Musson told Insider the decision was a “significant milestone” in the development of the site.
|
DPP submits £200m Edge Lane plans
A planning application for Edge Lane Retail Park, which marks £200m of private sector investment into Liverpool’s eastern gateway, has been submitted to Liverpool City Council. The application marks a major step forward for the redevelopment of the Edge Lane Central area following more than a decade of disputes between the council and Derwent Holdings, the property company owned by Isle-of-Man-based tycoon Albert Gubay.
|
Russells wins Atlantic Park work
Contractor Russells Construction has been appointed by landlord Royal London Asset Management and its development manager Industrial Securities for the £2.2m refurbishment of the 35,000 sq ft Caspian House in north Liverpool’s Atlantic Park.
|
Knowsley consults as support swings Tesco’s way
Knowsley Council is about to start consultation on the new plans for the regeneration of Kirkby town centre. Spenhill Regeneration, the regeneration arm of Tesco, launched its fresh plans at a public exhibition on 20 July, an event that attracted close to 500 comments.
|
Deloitte sells EAIP properties
A total of 106 properties have been acquired by a “connected company” of collapsed Liverpool property investor Ethel Austin Investment Properties (EAIP). The business, which has a direct interest or shareholding in around 300 properties through 86 joint venture companies, was placed into administration on 28 September.
|
Aintree retail park changes hands
Property investor London and Stamford has sold its retail park next to Aintree Racecourse for £101.5m. The firm, which last week listed on the London Stock Exchange, sold the park to The Crown Estate, the Royal family’s land portfolio.
|
|
Deals
|
Proventec sells Magma
Liverpool steam-cleaning and coatings company Proventec has completed the sale of its entire holding in Magma Firestop to AD Research & Development.
|
Deal volume slows in third quarter
The number of mergers and acquisitions in the North West fell 21 per cent in the third quarter of the year, according to latest figures released by data company Experian. Deal volume fell from 141 in the second quarter to 111 in the third.
|
|
Business
|
Surface Transforms' brakes deal
Ellesmere Port-based brake manufacturer Surface Transforms is hoping for an increase in orders after announcing the signing of a development agreement with a "major USA based manufacturer of aircraft wheels and brakes".
|
North West insolvencies fall
The number of corporate insolvencies has fallen in the third quarter of 2010, according to PwC. Data from the accountant shows a ten per cent decrease from the second quarter.
|
Boost your client base
Our Insider Membership Club offers a wide range of benefits to the business community. Potential sales leads, valuable data and analytical coverage, competitor analysis and much much more. We keep you better informed than any other business publication in the region. Exclusive introductory offers available this month.
|
