LIVERPOOL law firm Brabners Chaffe Street has advised Princess Street Holdings on the sale of the Waitrose building in Princess Street in Knutsford, for £2.7m.
Associated British Foods Pensions Trustees has bought the building comprising 12,809 sq ft. The space is let to Waitrose on a 25-year lease.
The initial passing rent totals £140,000 per year, with fixed uplifts every five years.
Matthew Dobson, property partner at Brabners Chaffe Street, said: “This is a successful and desirable retail location, with a strong occupier profile, making it an attractive target for investors.”
The deal reflects a net initial yield of just under 5%.
Rob Millington, of Cheetham & Mortimer, also advised Princess Street Holdings.
Alun Jones, of Edwards & Co and Mayer Brown, acted for the purchaser.
Alan Klein is working on a smartphone app to help fellow enthusiasts track down the transient McRib sandwich.
And Ben Skelton made an unusual choice for best man in his upcoming wedding: the Chick-fil-A cow.
“I’ve already told my best man that he’s going to be my second-string best man,” said Skelton, a 28-year-old chaplain’s assistant in the Air National Guard. “I just haven’t told him that he got beat out by a cow.”
Call it fanaticism or simply dedication, but these are the type of ultra-enthusiastic fans that every restaurant craves. Restaurant groupies have always been around, but they’re more valuable at a time when the economy is forcing consumers to choose carefully when they eat out, and a few online posts can inform the opinions of thousands.
TOKYO – JAPAN’S finance minister said his country was ready to buy more European bonds if needed to support the eurozone shaken up by fiscal debt woes, reports said on Friday.
Japan will invest more in European Financial Stability Facility (EFSF) bonds if needed, Dow Jones Newswires quoted Finance Minister Yoshihiko Noda as telling reporters.
He made the comment after the news that eurozone leaders had reached a draft deal to provide loans on easier terms to debt-ridden nations such as Greece. — AFP
WASHINGTON – THE United States will not default on its debt, US Treasury Secretary Timothy Geithner said on Sunday, as the clock ticks down to reaching a deal by Aug 2 to raise the nation’s debt ceiling.
‘It’s unthinkable that we would not meet our obligations on time,’ Mr Geithner told CNN in an interview. ‘It’s not going to happen.’
Congress must also come up with a plan which lifts the threat of a US default of its huge debt for at least 18 months, beyond the November 2012 elections, Mr Geithner said.
‘We have to take that threat off the table. But we also have to make sure that we come together to make some long term savings,’ he told Fox News on Sunday.
‘We’re trying to avoid default today, and the specter of default in the future.’
He said Republican House Speaker John Boehner and Senate Minority Leader Mitch McConnell ‘had been absolutely clear, they are not going to let this country default.
Interest free credit cards are one of the most popular types of credit card so there are lots of options to choose from. When you are deciding which 0% credit cards would be right for you and which one you want to apply for, there are some things you should keep in mind. This article looks at some of the most important issues to consider when choosing an interest free credit card.
How long does the interest free period last for?
Often when you are looking at 0% credit cards, you might notice that the interest free period has a time limit placed on it, after which the interest on your purchases will be charged at the standard APR (annual percentage rate). Read more…
FORMER draper Thomas J Hughes opened his store in 1912, aged just 24.
In 1925, large department store group Owen Owen announced plans to move out of its Audbrey House site, on London Road, into Clayton Square.
The building was put up unsuccessfully for sale and the then chairman of Owen Owen, Duncan Norman, went to see the TJ Hughes shop.
He was so impressed he agreed to let TJ Hughes run and expand his business in Audbrey House for part- ownership of the business.
TJ Hughes was expanded by Owen Owen until being sold in the 1980s.
The spike could represent more people entering the labor market looking for work, but it also marks the first time in six months that Southwest Florida’s rate has risen.
The biggest spikes during June were in Manatee and Charlotte counties, where the jobless tally rose nearly a full percentage point from the previous month.
Charlotte’s unemployment rose from 10.4 percent to 11.1 percent in June, while Manatee’s rate climbed from 10.3 percent to 11 percent
Sarasota County had 10.8 percent of its labor force out of work compared with 10.4 percent in May.
In all, 40,495 people were without work.
Until June, the region had been bucking the national trend of rising unemployment for the first time since the start of the Great Recession in 2007.
Florida’s overall unemployment in June remained at 10.6 percent, the same as the May number. That was the first time since December that the numbers have not gone down.
The U.S.
VIDEO specialist Curly Productions signed up model and presenter Jodie Kidd to showcase the Great British outdoors.
Curly has been commissioned by retailer Cotswold Outdoors, via PR agency Kazoo, to produce three five-minute short films.
Each film, presented by Kidd, explores a different aspect of the outdoors including walking, camping and a weekend break on the Isle of Wight.
Christian Hughes, managing director of Curly, and scriptwriter Laura Brown successfully pitched for the project against three production companies.
Mr Hughes said: “Video is a great way to showcase what you do and become a producer, having control over how your brand is broadcast.”