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Commercial Propertygallery

Pictures: The Masshouse story so far

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Commercial Property

By

Tamlyn JonesBusiness Reporter

15:36, 21 AUG 2014
Updated08:29, 11 FEB 2015

Masshouse Circus island prior to demolition1 of 9
Masshouse Circus and roads around Mclaren office tower prior to demolition2 of 9
...and the island starts to come down3 of 9
View across Masshouse with a near-complete Selfridges in the background4 of 9
Work continues5 of 9
Aston University and Mclaren in the foreground as Masshouse Plaza takes shape6 of 9
View across the new events Plaza at Eastside City Park towards Masshouse Plaza7 of 9
Hive with ground floor Spar shop8 of 9
Masshouse Plaza today9 of 9

property news Prime Newcastle city centre office move for engineering giant Cundall Cundall has officially opened its new head office with stunning views across the city and beyond

Duchy of Cornwall farm building could become office space

Building has been unused for decades

Plans for major employment site in Merthyr

Cardiff Capital Region

In a joint venture the Welsh Government and Merthyr Council are investing in infrastructure to make the 19 acre site investor ready

Former Tyneside World War Two cinema goes up for sale after major transformation

The Picture House in Team Valley has been converted to offer a quirky base for new owners or tenants

MCR Property Group plans acquisitions after agreeing ‘landmark’ £250m facility with Pollen Street

London PE firm hails MCR's 'hands-on approach, grit, and market presence'

Deals Hays Travel snaps up Polka Dot Travel with 15 branches across ��Ƶ Polka Dot Travel will continue to trade under its own name and all jobs are safe

Brittany Ferries reports surge in ��Ƶ-Europe travel, boosting Plymouth economy

Leisure & Touism

The company is on track for its third consecutive year of growth when year-end figures are published next spring

Welsh steel firm helping to rebuild bridge in Ukraine destroyed in the war

Pro-Steel has won a contract to provide steel girders for the new bridge

Majority of Eastern Airways staff made redundant as airline teeters on brink of collapse

Insolvency and Administration

Most of the firm's 330 staff have been made redundant as insolvency experts are expected to be appointed

What business can learn from Bruce Springsteen's seminal album Nebraska

Nebraska reminds us that authenticity beats perfection every time

Apple and Amazon beat Wall Street forecasts with iPhone and cloud sales

Shares soared in after-hours trading after both tech giants reported double-digit revenue growth and upbeat forecasts

Financial distress hits ��Ƶ businesses as they demand support in Budget

The number of ��Ƶ businesses in 'critical' financial distress soared 78 per cent year-on-year, highlighting the need for decisive fiscal action in the November Budget

Drax Group strikes £157m deal for three battery energy storage systems in Hull and Scotland

Construction on all three projects is expected to start next year with the first site operational in 2027.

Leisure leader Vaulkhard Group sees turnover and profit jump in year of expansion

Company Results

The group's director Ollie Vaulkhard also warned how rising taxes and costs are ultimately impacting investment plans

Tech manufacturer TT Electronics set to be taken over by Swiss rival

The global engineering business is a major employer in Northumberland, where it has a centre of excellence for aerospace electronics

Aston Martin scales back investment plans as sales fall further

The luxury car maker said it is reviewing its strategy for future models as sales tumbled further in the face of pressure from US tariffs and weak demand in China

Next boosts profit forecast as sales beat expectations

The company said it expects full price sales to grow by around 7% in the quarter to January, increasing its guidance from 4.5%

��Ƶ businesses delay investment plans as Budget tax rise fears mount

A new poll of SMEs suggested most executives are concerned about the prospect of rising costs

WH Smith delays results as accounting issues persist

The retailer was due to publish its preliminary results on 12 November, but has now pushed the date back to 16 December

Tombola posts jump in sales and profits after restructure sees 31% reduction in workforce

Company Results

The bingo software and arcade game specialist has its head office in Sunderland

Rachel Reeves prepares for fiscal squeeze amid fears of OBR productivity downgrade

The Office for Budget Responsibility is expected to downgrade the output per hour worked by 0.3 per cent, which could add nearly £21bn to the Budget black hole

Eastern Airways cancels all flights and suspends operations

The Civil Aviation Authority has told passengers with bookings not to travel to the airport