Economy & Enterprise

Stories about Economy & Enterprise

InExeter team with board members

Exeter Business Improvement District wins ballot for third five-year term

Just under half of 670 businesses eligible to vote took part, 90% voting in favour of renewal.

Hotel Indigo Exeter

Singapore hospitality group buys Hotel Indigo Exeter for £19.4 million

Sale of converted House of Fraser department store announced one week after Frasers Group purchase of adjacent Princesshay shopping centre.

, updated

InExeter Business Improvement District operational area map crop

Exeter Business Improvement District seeks third five-year term to April 2030

Eligible city centre businesses to decide by ballot whether InExeter should continue providing services and support in return for 1.25% levy charged against premises with £7,500+ rateable value.

Princesshay shopping centre

Frasers buys Princesshay shopping centre as part of wider retail space acquisition

Mike Ashley-owned sports goods and retail group buys 400,000 square feet centre outright from The Crown Estate and Nuveen for a reported £80 million.

Paternoster House scaffolding

Paternoster House flats described as “blueprint for Exeter’s future” marketed for rent at up to £3,500 per month

Standard minimum earnings eligibility threshold to rent each of four city centre flats so far completed ranges from £71,500 to £104,000 per annum, three times Exeter median wages, while best-paid 10% in Devon earn £52,400.

Matford Centre cafe operator sought

Exeter City Council is looking for a new operator to run the Matford Centre cafe, a purpose-built 6,000 square foot unit with space for 150 covers and a bar.

Page 2