Jurys Cardiff Hotel has been sold to Mountain Capital, the property investment group controlled by the families that own Admiral Taverns, for an estimated £16m. The Times
The hotel will be rebranded as a Park Inn.
Prescott and Conran, the upmarket restaurant group co-owned by Habitat founder Sir Terence Conran, has entered administration and closed its three London restaurants.
Office rents in Bristol are predicted to reach £35/sq ft by 2020 following several years of high demand for new space and a loss of stock to residential conversions.
The controversial £200m St Michael’s redevelopment project in Manchester city centre has been given the final go-ahead by Secretary of State for Housing James Brokenshire.
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