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Top story
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Metric swoops for Sheffield store
Metric Property Investments, a retail real estate investment trust, has acquired the former Uno furniture store on St Mary's Road in Sheffield for £2.3m from Warner Estate Holdings. DFS has exchanged contracts with Metric to pre-let the 20,000 sq ft refurbished unit on a 20-year lease at an initial rental of £375,000 per annum.
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Deals
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Spencers sells property management arm
Sheffield-based estate agency Spencers has disposed of its property management business to Countrywide. Spencers was advised on the sale by BHP Corporate Finance.
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Trio of Yorkshire CCS projects bid for EU cash
Carbon capture storage (CCS) projects in Yorkshire have accounted for three of the 12 UK applications submitted by the government for funding from the European Union’s New Entrant Reserve scheme. The European Investment Bank (EIB) fund is worth between €4.5bn (£3.8bn) and €9bn (£7.6bn) to support CCS and renewable projects across the EU.
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Santander secures £150m business fund
Santander has secured £150m in its third round of funding from the European Investment Bank (EIB). Santander said the money would be used to provide discounted loans to qualifying businesses.
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Business
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UKTI aims for greater global impact
Targeted link-ups with overseas development projects on the scale of the London Olympics form part of a new strategy by UKTI to help businesses in Yorkshire trade internationally. That's according to Mark Robson, UKTI's international trade director for Yorkshire and the Humber, who told Insider there were already deals pending because of the enhanced service.
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SIG expects growth
SIG is expecting to "make progress" in 2011. The Sheffield business, which recently disposed of its Beaver 84 scaffolding business for up to £8.1m to Altrad, grew sales by 8 per cent in the first four months of 2011.
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Business flies into Robin Hood
Aircraft maintenance business Apple Aviation is to base an operation at Robin Hood Airport after receiving support from Invest in Doncaster.
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MGB cleans up with contract win
MGB Plastics, a manufacturer of wheeled bins based in Rotherham, has won a contract to supply 45,000 bins to Cheshire East Council as part of a waste collection scheme.
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Front wins fresh Morphy Richards work
Sheffield advertising agency Front has secured further work from Morphy Richards after the success of its design work for the domestic appliance manufacturer's Soupmaker product.
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Property
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CCQ enabling works to start
Enabling works for a performance venue and public square in Doncaster’s Civic and Cultural Quarter (CCQ) are to get underway this month.
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Alliance signs Elliott for Sheffield’s Victory Park
Property Alliance Group has signed up modular buildings business Elliott Group to occupy just less than half its 13-acre Victory Manufacturing Park site in Sheffield. Plans have been submitted for what will be a new regional hub for the Peterborough-headquartered business.
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