Regional business news: Warren James Holdings set for £84m Pinewood windfall, One St Peter’s Square

Stockport-based jewellery retailer Warren James Holdings is set for a reported £84m windfall from the sale of Pinewood Studios.

John Whittaker’s Peel Group stands to make £125m from the £323m sale of AIM-listed studios five years after taking control of the business.

Warren James Holdings owns 26% and will pocket £84m from the sale, which appears likely to go through without any problem.

Peel took control of Pinewood in 2011 when the studios, where James Bond films have been made, was valued at £96m, or 200p a share.

Warren James Holdings has a shop in Merseyway, which is also the reported headquarters of the business.

One St Peter’s Square

One St Peter’s Square, the landmark office development in central Manchester, has been sold for £164m, reports the Manchester Evening News.

Deka Immobilien has acquired the site, which sits opposite Manchester Central Library, from Argent and The Greater Manchester Property Venture Fund.

Occupying a prominent position in the heart of Manchester’s historic business district, the 288,000 sq ft office development was completed in September 2014.

The property is currently multi-let to tenants including KPMG, DLA Piper, Addleshaw Goddard and Mazars, along with Drake & Morgan and Fumo in the retail units.