Redrow share sale totals £152m for Morgan

Jessica Middleton-Pugh

Redrow chairman Steve Morgan has made £152m from the sale of 25.9 million shares, held by his company Bridgemere Group and charity The Steve Morgan Foundation, releasing a combined 7% stake in the housebuilder.

Ash Court Parc Menai

MCR brings North Wales office to market at £1.4m

Acting on behalf of Manchester-based MCR Properties, Legat Owen is selling Ash Court, a 20,000 sq ft office development on Parc Menai Business Park in North Wales, after the building became fully let.

Conygar expects 2017 starts on key projects

Conygar Investment Company, which has significant holdings in North Wales, has said that it anticipates starting construction at several of its development projects in the next year.

Flotation fees dent Watkin Jones profits

Watkin Jones spent £6.5m on administrative fees and commission for advisors who handled its listing on the London Stock Exchange, according to the North Wales-based developer’s first financial statement since going public three months ago.

Conygar’s 52-week low prompts share buy-back

Conygar, the publicly listed developer active on projects at Llandudno Junction and Holyhead, has bought back more than £1m of shares as it looks to shore up its share price after hitting a 52-week low last week.

Watkin Jones makes largest AIM debut in two years

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Paul Unger

The 225-year-old developer-contractor from North Wales became a publicly listed company on Wednesday, offering 45% of the company’s stock to the junior market of the London Stock Exchange to fund growth in the student accommodation and private rented sectors.