Approach the city from any direction and a quick glance of the skyline shows that we are enjoying a boom in development which will soon boost the citys coffers. Shopping development is dominated by the 300,000 sq ft Marks & Spencer store which is being built to replace the one destroyed in the 1996 IRA bomb. It is due to open late this autumn and will make a tremendous difference to city centre trade, predicts Martin Tonks of property consultants Drivers Jonas. When Marks & Spencer reopens there will be a massive inflow of shoppers and it will do much to win back trade lost to surrounding areas since the bomb. He is monitoring development in the city and says that new schemes complement Manchesters Victorian inheritance of quality buildings and many of these old buildings are themselves being revitalized
The Great Northern Warehouse Development will offer a mixture of shopping and leisure with a 24 screen cinema, bars, cafes and restaurants. The Print works in the shell of the former Maxwell House Building will have a multiplex cinema combined with retail and commercial leisure. Almost every sector of the city is changing, with new hotels Premier Lodge in Lower Mosley Street and Jury Hotel in Great Bridge water Street stylish city center apartments such as Britannia Mills at Castle field and The Grand in Ayton Street.
The possibility of promoting a techno pole in the North East, to be a focus for developing the regions knowledge economy, growing indigenous businesses and attracting inward investment TSB Group Pension Trust Ltd, a fund managed by Hill Samuel Asset Management, has sold its freehold interest in 48 George Street, Luton, for £605,000 to a private Irish investor. In this process the conveyancers is the legal authority for managing the full process which is needed for doing the property transaction in both cases of buying and selling of houses. But you have to make things clear and correct for doing the Enact Settlement Agents Perth wisely by the steps following attitude of the conveyancers.
Blair Kirkman and Hill Samuel Asset Management acted for the vendor and Allsop & Co acted for the purchaser. The property fronts onto George Street, close to the entrance of The Luton Mall, part of the Arndale Center and is adjacent to Little woods, Marks & Spencer and McDonalds are nearby. The single storey shop comprises 113 sq m (1,215 sq ft) of retail accommodation and is let to Abbey National plc for a 35 year term with 16 years unexpired at a rent of £53,500 per annum.