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Top story
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Morgan Sindall snaps up Connaught’s social housing business for £28m
Construction group Morgan Sindall has acquired the majority of assets and contracts of troubled social housing group Connaught for £28m. Exeter-based Connaught, which is £220m in debt, entered administration this week after it was unable to secure funding to ensure the group’s long-term future.
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Deals
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Management buyout at Somerset meat company
A management buyout has been completed at Somerset-based food group Romford Wholesale Meats. The multi-million pound deal saw one of the two families that co-owned the company buy out the other party.
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Business
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Government mulls the merits of the South West’s seven LEP bids
The government has confirmed that seven local enterprise partnership proposals have been received from the South West region. Responses on the merits of individual submissions are expected in the next few weeks.
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Wave Hub successfully installed off Cornish coast
The South West RDA’s pioneering Wave Hub marine energy project has been safely installed on the seabed following a delicate operation to lower the 12-tonne hub into 55 metres of water, ten miles offshore.
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South West Shopfitters enters liquidation
Plymouth-based South West Shopfitters has been put into liquidation, prompting a sell-off of the company’s assets.
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South West architectural firm expands in Manchester
South West-headquartered Stride Treglown Architects has announced a merger with Manchester-based architectural practice EK Architects.
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Property, Regeneration & Public Sector
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Fourteen per cent of shops in Bristol town centre stand empty
Fourteen per cent of shops stand empty in Bristol town centre, according to research compiled by the Local Data Company.
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Bristol property among £43m portfolio sale
A commercial property portfolio worth £43.3m that includes a Bristol office is being sold to Travelex founder Lloyd Dorfman.
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Cornish building firm enters liquidation
Cornwall-based building firm J&E Regan is to sell its assets following the liquidation of the business.
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