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Top story
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£10m Sanguine deal struck at Insider event
A meeting at an Insider event led to a deal between Bristol-based Sanguine Hospitality and The Cube to develop a £10m hotel, spa and restaurant development at the landmark Birmingham building, it has emerged. The development incorporates a Marco Pierre White restaurant, Steakhouse Bar and Grill, a roof terrace and sky bar and four-star Indigo hotel with a member-only health club and spa.
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Deals
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Bournemouth Airport operator eyes up expansion
Bournemouth Airport operator Manchester Airports Group (MAG) has signalled its intention to make acquisitions following the ruling that BAA will likely have to sell Stansted and either Glasgow or Edinburgh Airports. Speaking to Insider, group chief executive Charles Cornish - who took over the reins at MAG last October, said: “We will almost certainly be interested; presuming they become available we’ll look at getting a vehicle together to buy one of them.”
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Property
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South Coast’s ‘largest office deal in 18 months’ completes
Dorset-based Cobham has completed what is claimed to be the biggest office deal on the South Coast in 18 months.
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South West farmland prices reach record high
Farmland prices in the South West reached an all-time high in the last half of 2010 as demand for commercial farmland grew strongly against the continued shortage of available land. That's according to the latest RICS 'Rural Land Market Survey'.
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Refurb revealed at Dartmoor hotel
Works have been unveiled to refurbish and upgrade the Mill End Hotel at Dartmoor. Sue and Peter Davies bought the hotel at the end of 2010 and have invested in the 15-room country house hotel, near Chagford.
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Swindon development hits the market
A development site in Swindon, opposite the proposed Regents Circus scheme, has gone on the market.
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Business
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Target boosts South West team
The Bath office of Target Chartered Accountants has hired a new head of private client tax. The firm hopes the arrival Rachel Sestini will provide a boost to the team.
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Teachers Building Society gets image overhaul
Wimborne-based Teachers Building Society has refreshed its brand image. Christchurch-based agency CHS Creative worked on the change, which has not involved a full redesign or name change.
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Economic decline worse than first thought - ONS
The economy declined by a bigger margin during the final three months of 2010 than first expected, figures from the Office for National Statistics have revealed.
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