1st Mar 2019 13:25
LONDON (Alliance News) - Alpha Real Trust Ltd on Friday said it sold a residential development site in Leeds, England, to subsidiaries of City Developments Ltd for GBP15.4 million.
The site, named Monk Bridge, was acquired by the trust in 2015, at which time the site had implemented planning consent for 269 residential units.
Full planning consent was subsequently obtained by the company.
"Proceeds from the sale are to be deployed in line with the company's investment strategy," Alpha said.
Alpha Real Trust shares were trading up 3.2% at 143.94 pence each.
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