New Volkswagen dealership given the green light

Colliers International, acting on behalf Inchcape Estates Limited, has acquired a former industrial unit at Stafford Park Industrial Estate in Telford.

Inchcape Estates Limited has bought the 33,000 sq ft premises, which includes two acres of land, from Telford and Wrekin Council. Planning permission has been granted to convert the unit into a new Volkswagen dealership.

Assay office relocation to kick-start regeneration at St Georges

The St Georges Partnership has secured the relocation of the Birmingham Assay Office for its St Georges’ development in the Jewellery Quarter.

The Assay Office, founded in 1773, is to build a new headquarters on a plot of land at St Georges, incorporating a further piece of adjacent land recently acquired from Birmingham City Council.

Surprise finding: Colliers International’s Brum office says commercial property tenants are paying up in record time

Commercial property tenants are paying rents in record time, according to latest statistics from Colliers International.

The firm’s Birmingham office collected 99 per cent of its £4million plus quarterly (July-September) rent roll within five days. That’s down from eight days for the same period last year.

Willmott Dixon wins £1m schools contract

The Midlands office of contractor Willmott Dixon has been appointed to  improve the buildings of two schools in Northamptonshire.

The work is primarily to modernise the structure of Kingswood Primary School in Corby and Ruskin Infant School in Wellingborough, which were built more than 40 years ago. It marks a return to Corby for the contractor behind the award-winning Corby-East Midlands International Pool.

Construction has started on site with work expected to be completed at Ruskin Infant School in November this year and at Kingswood Primary School in January 2012.  

CBRE Real Estate Finance launches UK regional network

CBRE’s Real Estate Finance (REF) and UK regional business units have launched a new service to enhance client access to advice on the financing of properties and structuring.

The new initiative has been set up in response to growing demand from owners of regionally based assets for financing advice specifically tailored to key property markets outside of London.

CBRE has found that investors want to know more about regional investment opportunities and how to appropriately structure transactions to enable them to access these markets as real estate owners are also continuing to seek access to capital.