Newcore Capital Management has agreed to buy a three-acre development site in Derby for £6.1m – a net initial yield of 7.6%.
The site is opposite the intu Derby shopping centre and is mainly used for car parks. Newcore said it will have “significant development potential”.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
