Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13726)           
UK only International

Nikal secures £150m Altair future

By Pete Hayman    01 Apr 2009

A £150m scheme designed to transform the centre of Altrincham, Greater Manchester, is back on track after property firm Nikal acquired the remaining shares in the joint venture for an undisclosed sum.

The future of the mixed-use development had been thrown into doubt following the collapse of the David McLean Group, the North Wales-based developer which entered administration in late 2008. Plans for the Altair scheme includes a 3,000-seat ice rink that will be home to the Manchester Phoenix ice hockey team and 15,000sq m (161,460sq ft) of retail and leisure space that will incorporate a 100-bedroom hotel, restaurants and two new public squares.

Designed by architect Ian Simpson, the plans also include 150 luxury apartments, a car park and 8,000sq m (86,111sq ft) of office space, and now depends on Trafford Council securing the necessary land acquisitions for the scheme to move forward. Nick Payne, Nikal managing director, said: "We were naturally disappointed by the David McLean Group falling victim to the credit crisis, but have been fortunate enough to finalise the purchase of its shares enabling us to progress.

"While we are not immune to the current climate, we have a long-term strategy and projects like Altair excite us. The development will deliver many of the things Altrincham has been lacking over recent decades and the temporary ice rink investment was just the start. Our vision for Altair includes residential, hotel, office, retail and leisure uses."

Sign up for FREE ezines

Company profile

Company profile: UK Trade & Investment
UK Trade & Investment is the government department that supports UK companies to trade internationally and helps overseas businesses to set up in the UK.
View full profile >
More company profiles

Featured Supplier

Elevate registrations soar: a record-breaking start to Elevate 2024
Elevate, the premier event in the physical activity, fitness, sports therapy and performance sector, is thrilled to announce that registrations for its 2024 conference are now live – and the response has been nothing short of exceptional.
View full details >
More featured suppliers

Property & Tenders

Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
Location: Verwood, Dorset
Company: AVISON YOUNG
Location: Hall Place House, Bexley, DA5 1PQ
Company: London Borough of Bexley
Location: 15 Concessions across the nation's forests
Company: Forestry England
More properties & tenders

Diary dates

11-14 Apr 2024
Exhibition Centre , Cologne, Germany
22-24 Apr 2024
Galgorm Resort, York
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
More diary dates