True’s founder and president, Bob Trulaske, commented: When we were looking at for a European location, we found the team approach led by the Dearne Valley Partnership and the financial incentives of Enterprise Zone made the choice simple. The support we have received from the TEC’S, Employment service and Yorkshire Forward has been superb. The Regional Selective Assistance grant from the DTI confirmed that we had chosen the right location.
Chairman of Dearne Valley Partnership, Cllr Keith Billington said: True is bringing jobs in traditional manufacturing activities to the Dearne Valley. I am confident that the company’s aspirations will be fulfilled and exceeded by the skilled workers that will be joining the company over the coming months. I wish the company every success in the future. There is now in the region of 4.05 ha (1 0 acres) remaining of the original 12.14 ha (30 acres) to be developed at Fields End. Granada PLC has acquired a 0.4 acre site for £2.75 million at Anchor Road, Harbourside, Bristol for a new 113 bedroom City Centre Travelodge which will be developed by Bristol based Unite Plc to a turnkey finish.
Commencing, rent for the hotel is £150,000 per annum for a term of 35 years with an option to renew for a further 15 years with 5 yearly rent reviews. The lodge will be completed in July 2000. Located on the A4, with easy access to junction 18 of the M5 motorway, Anchor Road is opposite the harbourside regeneration area. The Travelodge will form part of a comprehensive scheme, which includes a large Adult Education College and residential apartments overlooking the harbour with views to the SS Great Britain.
Property Settlement Valuations is elevated open to be obtained, a purchaser chooses to buy the property, an offer is submitted and perceived, and the get-together push forward to wrapping of the course of action up. This will be the second Granada Travelodge in Bristol, the other being a roadside lodge at Cribbs Causeway, junction 17 of the M5.
Granada’s John Bates commented: As part of our expanding acquisition programme, Granada is seeking more and more city centre locations for Travelodge. The location is ideal for business people as it is centrally located but still within easy reach of the M5. Travelodge not only offers value for money but also quality and convenience. Anglo Lamron Plc has started work on its 3,576 sq m (38,500 sq ft) speculative office development, knows as Egale, at 76-80 St Albans Road, in Watford town centre.
The scheme, which is forward funded by clients of Argyll Property Asset Managers, has an end value of £12.5 million. Comprising two self-contained office buildings of 2,031 sq m (21,865 sq ft) and 1,545 sq m (16,631 sq ft), it is due for completion by October 2000. Egale is well located at the junction of Station Road and St Albans Road, 200 yards away from Watford Junction main line station. It has good access to both road and rail networks, public transport and Watford town centre, with Watford’s link road providing easy access to the Ml and M25, Heathrow, Stansted and Luton airports.
First Choice Holidays Plc trading as Travel Choice has opened a outlet at the Chequers shopping centre. Maidstone, KENT (ME15 6AT). First Choice has taken a 15-year lease on a 199 sq m (2,144 sq ft) unit in the centre. The unit is located next door to Homestyle and close to Mark One and Dillons. The agreed rent is £60,000 per annum. The 37,160 sq m (400,000 sq ft) Chequers is owned by the Stoneborough Trust and asset managed by Richard Ellis St Quintin. Joint letting agents for the Chequers are CB Hillier Parker and Dalgleish & Co. First Choice was represented by Chesterton.