Latest news with #businesspark
BBC News
15-07-2025
- Business
- BBC News
Former Albert Looms car breakers in Spondon sold to developer
A former Derby car breakers yard has been sold to a developer which plans to turn the site into a business Looms closed a year ago after more than a century of seven-acre Spondon site has now been acquired for an undisclosed sum by Derby-based Ivygrove Developments Ltd, which hopes to build small and medium-sized industrial units on the a nod to its past life, Ivygrove said it will name the Megaloughton Lane site Looms Business Park. Ray Kirk, former operations manager at Albert Looms who is currently writing a book on the site's history, said: "I'm happy the sale has now gone through."I'm very happy with where it's going as I wanted it to be another yard and not housing."And I'm even more happy that they're going to name is Looms Park, I think it's very fitting." Albert Looms started trading in 1920, specialising in demolition work and dismantling railway rolling stock and had a direct rail link to Chaddesden Sidings from its then began to dismantle cars in the early 1970s, in part due to the Dr Beeching cuts to the railways in the said it is compiling a planning application for the site which it will submit to Derby City Council. The developer, which is currently working on city sites including Eagle Park in Alfreton Road and Merlin Park in Osmaston Road, said it hopes to build 20 units on the Albert Looms site which range in size from 2,000 to 20,000 sq granted planning permission, Ivygrove intends to make units available to buy or lease by Blount of Ivygrove said the firm was "delighted" to secure a "prime" site through Innes England by offering the "comfort and certainty" that the sellers had said: "Employment land for small and medium-sized units is difficult to find, and it seems housing is being prioritised by developers whereby sites are more readily available."
South China Morning Post
13-07-2025
- Business
- South China Morning Post
Singapore's first home launch since new curbs almost sold out as buyers remain unfazed
Singapore 's first mass-market private residential project launched since new curbs were introduced saw the development almost sold out as homes were sold at lower-than-usual prices. The LyndenWoods development sold 324 units on Saturday, the first day it started to accept bookings, CapitaLand Development said in a statement the same evening. That is about 94 per cent of the 343 units to be built at a business park in the city's south. The launch came over a week after the introduction of surprise measures targeting speculators in the property market. Owners must now hold their homes for at least four years if they want to avoid paying a seller's tax, from three previously, while those who still choose to do so face higher levies than before. CapitaLand Development – part of CapitaLand Group that is owned by Singapore state investor Temasek Holdings Pte. – said LyndenWoods homes were sold at an average price of S$2,450 (US$1,914) per square foot to mainly professionals, couples and families who were attracted by its long-term investment potential. That is lower than median rates for similar units across Singapore and the district. Another project about 1.6km (one mile) away has sold less than half of its 358 units after its launch earlier this year. The early performance may validate policymakers' concerns about a trend of flipping properties for a quick profit, which has driven a renewed jump in home prices and risks affecting affordability in one of the world's most expensive residential markets.
CBS News
04-07-2025
- Climate
- CBS News
Sacramento-area fire crews battling large brush fire on Metro Air Parkway
Crews are battling a wildfire near the business park next to the Sacramento International Airport on Friday. Metro Fire of Sacramento crews responded to Metro Air Parkway around 10 a.m. and found flames and a heavy column of smoke coming from a field full of dry grass. A second alarm was called and several agencies are now at the scene helping in the fire fight. As of 11 a.m., the fire has grown to around 5 to 10 acres. Crews are doing airdrops on the flames. Scene of the firefight. Firefighters say the main concern is keeping the flames from jumping across Metro Air Parkway to the business park. Crews are staged across the road as a precaution, Metro Fire says. No evacuation orders have been issued. Exactly what started the fire is not known.
Yahoo
03-06-2025
- Business
- Yahoo
Cornelius commissioners unanimously deny Bailey Road business park
CORNELIUS, N.C. (QUEEN CITY NEWS) — Residents of a prominent Cornelius neighborhood came out in force Monday night to express concerns over a proposed business park, and their voices were heard. In a project on its second life from 2023, GGW Flex Holdings LLC was seeking a rezoning on 36 acres along Bailey Road for near 200,000 square feet of commercial space across four buildings. The site is across from Bailey Road Park and less than a mile from Bailey Road Middle School and Hough High School. It's also just down road from the main entrance to the Bailey's Glen 55+ community. The community's denizens packed Cornelius Town Hall, explaining the long backups created by the schools' pickup and drop-off times. Many students walk or bike to school, and have to cross Bailey Road. First-ever four-year medical school opening in Charlotte This wasn't just a not-in-my-backyard case by residents, though. The town's planning staff also recommended denial of the project. And the Board of Commissioners followed suit in unanimous fashion. In summarizing the project's drawbacks, Mayor Woody Washam said the conditional rezoning would create an unprecedented combination of uses along Bailey Road. It's currently zoned Rural Preservation but town's land-use plan encourages business campus there. 'We heard this project doesn't incorporate a business campus, a vision that staff and board members expected on this site,' he said. 'Instead, this project is an industrial park. We heard from Commissioner (Robert) Carney that nowhere in Mecklenburg County does an industry park, schools, residential developments and public park exist on a two-lane road. That's a fact.' In recent years the town has been working to find ways to have more people who both live and work there, instead of doing either in Charlotte. Creating affordable housing is one of those solutions, but commercial development is another. The GGW project initially promised 'high-end' tenants when introduced to the board in 2023. But the finalized proposal was not what town leaders had in mind. 'Our staff has recommended against this project because the site would be more appropriate for corporate offices or research park that would be more internally oriented with limited service and vehicle traffic as well,' he said. The developers planned to build a roundabout at the site's entrance and an internal road, and incorporate a greenway on the edge of the property. Support came from the Lake Norman business community and representatives of the Hunter family attempting to sell the former farmland. Also at Monday's meeting, commissioners unanimously approved the purchase of a 0.066-acre lot near Town Hall — for $500,000. It's along Main Street between lots that area already town-owned, including the veterans' memorial. The parcel was sold to Cornelius business Legacy Pointe Residential, LLC for $447,500 in 2017. Town manager Andrew Grant said the purchase was necessary so they could 'facilitate future development' in conjunction with nearby properties. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Zawya
23-05-2025
- Business
- Zawya
Madinet Masr launches Shark Tank Business Park in Egypt's Taj City
Egypt - Madinet Masr has launched Shark Tank Business Park, in collaboration with Innovative Media Production (IMP) and Sony Pictures Entertainment, according to a press release. This project marks the first business complex inspired by the international TV show Shark Tank. Spanning 20 feddan in Taj city, Shark Tank Business Park is an integrated experience combining business, lifestyle, and entertainment. The park's design is based on interactive and experimental principles, featuring the first joint business complex dedicated to Shark Tank, to be a hub for entrepreneurs. Shark Tank Business Park encompasses 16 buildings, and its first phase is set for delivery by 2029, with over $1 billion in investments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
