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'.
Stamps commemorate D-Day landings
A new set of stamps commemorating the 80th anniversary of the D-Day landings will be released by the Isle of Man Post Office.
Water mains work brought forward
Works to replace a strategic water main has been brought forward to support roadworks on Vicarage Road.
Road closure to fell dead trees
The Old Castletown Road will shut near the Nunnery next month.
Ramsey's Tesco stores move to Merseyside
A Google glitch has relocated two Island Tesco stores 75 miles away.
Council plans Bottleneck improvements
Douglas Council says it wants to make a series of improvements at a car park on Douglas Promenade.
New landlord laws need more work, says minister
Infrastructure Minister Tim Crookall says he doesn't know when new laws about landlords and their properties will be finished.
Man drove over cocaine limit
A man who pleaded guilty to drug driving and public order offences has been fined a total of £1,000.
Road closed after fire
Part of a busy road in Douglas is closed this morning after a fire.
