North West

Bruntwood SciTech ramps up lab development plans as COVID-19 testing begins

Alderley Park one of three national locations to spearhead coronavirus fight
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Fitch makes series of CMBS downgrades

Westfield, intu and Landsec debt all see outlook turn negative
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Bruntwood furloughs a fifth of staff and introduces pay cuts

Developer latest to put COVID-19 measures in place
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ECF confirmed for £2.5bn Salford masterplan

Partnership between L&G, Homes England, and Muse named development partner
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£510m MAG sale contract torn up post exchange

Legal technicality allows buyer to withdraw from agreement
  • The fund manager was able to exercise a Material Adverse Conditions clause
  • The parties are still in conversation in order to try and agree a new deal
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Developer unveils £65m scheme after buying Stockport college site

Investar Property Group planning resi-led mixed-use project
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Helical draws down £30m as it pulls in 84% of rent

Further 9% of rent to be paid in instalments
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Shortlist of four revealed for £1.5bn ID Manchester

Big names chasing 20-year, 2.6m sq ft partnership
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