The group that has bought the Villiers site in Douglas says it signals their ambition to develop projects that benefit the whole Island.
Along with that location, Tevir Group also recently acquired the Castle Mona Hotel and former Zurich House in the town.
The organisation says this will 'ultimately benefit the local business community, residents and the broader economy.'
The Villiers site includes Villiers House, Clarendon House, a development plot and the area known as the 'town square'.
Use your Love IOM card credits before July, urge gov
A government gift card scheme is urging people to spend their outstanding balance - or face losing it.
Almost 200 calls made to mental health charity's crisis line
An Island mental health charity says 198 calls were received over the last six months to its crisis line.
Exhibition featuring local artist's work on display from this weekend
An art exhibition featuring a local artist will open this weekend.
School suspensions being looked into, says MHK
More youngsters are being suspended from school, and the Education Department is looking into it.
Manxman to be swapped with Ben-my-Chree on Thursday
The Steam Packet Company says there's a slight change to its schedules this week.
Teeth survey for children aged five launched
Public Health has launched a survey to find out about five-year-old children's teeth.
Treasury Minister says VAT cuts for hospitality means cuts or tax increase elsewhere
The Island's Treasury Minister says a VAT cut for hospitality businesses would mean service cuts or more taxes elsewhere.
Commissioner ‘refutes’ allegations of misrepresenting Roundhouse access issues
Braddan Commissioners says it ‘refutes’ any allegations that it’s acting in ‘bad faith’ or ‘peddling misrepresentations’ about access to The Roundhouse.
