Tag: Developer

Developer submits proposals for Pets at Home’s new national distribution centre in Stafford

A computer-generated image of a proposed 670,000 sq ft national storage and distribution centre in Stafford

The proposed development of a 52-acre site at Stafford North Business Park, close to Junction 14 of the M6, will create a purpose-built warehouse unit, a three-storey office and two double-storey hub offices.

Plans include a new roundabout on the A34 Stone Road and a development access road serving the new warehouse unit. An additional 100,000sq ft of expansion land will also be available, if required.

Pets at Home has signed a 20-year conditional agreement for lease on the development, with construction set to start on site in 2021, pending planning consent by Stafford Borough Council.

Stoford joint managing director, Dan Gallagher, said: “This development represents a fantastic opportunity to give Pets at Home a modern, purpose-built facility in a superb central location. Our proposals for Stafford North Business Park have been submitted following

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Tom York on Business: Doug Manchester Bows Out as New Developer Takes Over Pacific Gateway

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San Diego Research and Development District.
A rendering of the planned San Diego Research and Development District.

By Tom York

Local real estate commercial developer Doug Manchester struggled for at least 15 years to build his long-cherished Pacific Gateway Project on a dozen blocks along the city’s central waterfront at the foot of Broadway. He suffered a major setback when the Great Recession of 2009 rolled over the region like a tsunami, and as a result, was able to bring little of his overall dream to fruition. The exception being the recent completion of the 17-story, 373,000-square-foot new headquarters high-rise for the Navy.

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But in a surprise announcement this weekend, Manchester revealed he has sold off five of the remaining seven blocks of his ownership to IQHQ, a new San Diego area developer that is focusing on life science projects. And IQHQ

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Indebted developer China Evergrande gets approval to spin off property management business, raise fresh capital in Hong Kong



a close up of a sign: An Evergrande construction site in Guangzhou, in China’s southern Guangdong province. Photo: Reuters


An Evergrande construction site in Guangzhou, in China’s southern Guangdong province. Photo: Reuters

Indebted mainland property developer China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business, which would allow it to raise fresh capital.

The Shenzhen-based company, China’s biggest property developer, made the proposal on July 31 and will soon apply to list the business in Hong Kong, according to a filing with the exchange late on Friday.

The spin off could help Evergrande raise up to HK$40 billion (US$5.2 billion), according to Raymond Cheng, property analyst at CGS-CIMB Securities, including HK$24 billion from the sale of a 28 per cent stake in the property management business a month ago to 14 investors, and a potential HK$10 billion to HK$15billion from the listing.

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Apple Loosens App Store Rules a Bit After Developer Backlash

Bloomberg

Apple’s Rising Class of Leaders Will Shape a Post-Tim Cook Era

(Bloomberg) — Apple Inc. Chief Executive Officer Tim Cook and his top deputies are focusing greater attention on developing a new generation of leaders to eventually run some of the iPhone maker’s most important divisions such as hardware development, services and marketing.As Cook begins his 10th year at the helm, his management group is filled mostly with senior vice presidents who have worked at Apple for more than two decades, made tens of millions of dollars and are at or near the ages of 55 to 60 when many previous executives have stepped aside. That, along with typical corporate planning, has spurred the Cupertino, California-based company to cultivate its next class of top managers, said people familiar with the matter who asked not to be identified talking about internal company discussions. Apple declined to comment.Cook, who took over

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