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'.
Onchan recount confirms September's general election result
A former MHK who asked a court for a recount in Onchan over claims of missing votes has come in third place again.
Fake TV licensing tops fraud email reports
The Island's cybersecurity office says it's had 331 scam emails reported to it in just eight weeks.
DOI doesn't keep track of total staff overtime
The Department of Infrastructure says it doesn't have an overall figure for the amount of overtime its staff worked last year.
Anagh Coar flats fire under investigation
The Island's fire and rescue service is investigating after a fire at a block of flats in Douglas last night.
Airport looking for new £112k a year air traffic control head
The Department of Infrastructure says it's looking for a new head of air traffic control at Ronaldsway Airport.
Dog mess near play area and sports field sparks warning in Andreas
A local authority in the north of the Island say it'll use CCTV to catch pet owners breaking the rules.
Commissioners cry fowl over total clucking menace
Commissioners in Marown have cried fowl over people feeding birds in the parish.
Prayer meeting on world's largest floating book fair tonight
The world's largest floating book fair arrives in Douglas today - and will kick off her visit with a prayer meeting.
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