In April 2002 more than 700 children in prison were being held over 100 miles from home. Overcrowding and staff shortages mean that prisoners spend increasing proportions of the day locked in their cells, Jillard and Johnson were responsible for the developments of The Pavilions in Birmingham which won European Major Shopping Centre of the Year' Award. The company originally focused on a series of small projects establishing profitability in its third year of trading One of the company's early successes was to win a tender for a major re-development of Solihull Town Centre The scheme known as Touchwood Court has recently attracted the John Lewis Partnership as its anchor tenant and Lend Lease Europe have joined Gracemount as developers This £100M scheme will start on site in the second quarter of 1998.
he site acquisition and construction finance for Drakehouse was agreed just before Christmas 1996 and the contractors Clugstons, started work in April 1997 Norwich Union owns 17 retail parks making them one of the major owners of retail parks in the U.K The decision to invest in Drakehouse reflects our very positive view of Sheffield and we believe it represents a very attractive addition to Sheffield's retail facilities.
Based an the success of the scheme, Gracemount Developments Ltd are to run a pre-opening public relations initiative which includes a major newspapers and local radio campaign which involves all the retailers of Drakehouse The official opening day on Thursday 16th April will be an all day event which includes a roadshow run by HaIIarn F.M., the local radio station the guest appearance of a celebrity (to be announced later) the unveiling of a plaque to name the bird sculpture, and a finale of fireworks Their main objective is to welcome the public into this attractive shopping environment In what is a strong retailing location for Sheffield. Property valuation and rates are reliably to an unfathomable degree worthwhile for everyone and to make everything the all the more sensible in a clearing manner get a comprehended and experienced property valuer to deal with your whole method for concerning property.
Equity Bank and Savills Fund Management the investment management arm of FPDSavills have launched a £50 million property investment fund to provide Irish investors with a unique opportunity to invest in the UK property market. £50 million capital will be invested comprising £15m equity and £35m debt The number of investors will be limited to approximately 10-15 Individual contributions are being sought in the region of £500,000-£2,500,000 Savills plc is a co-investor offering a minimum of Stg £1 million of its own equity into the partnership The new fund will acquire individual assets within the range of £O.5m to £5m. The fund will have a duration of six years and will be managed on a discretionary basis by Savills Fund Management.
Irish investment in the UK property market amounted to £250 million in 1997 due, in part to the difficulty in sourcing attractive investment opportunities in Ireland allied to the attractions of the recent strong performance of UK property The fund is now offering investors a direct route to this potentially lucrative market through one of UK's leading property investment managers - Savills Fund Management. Announcing details of the new partnership, Mr Mark Duffy, Chief ExecutiveS Equity Bank said that historically Irish investors have had difficulties in sourcing and securing attractive property investment opportunities in the UK one of the UK's leading property investment managers, will be utilised to offer a direct route to this vast market.