Sapphire7864

Quorum sells warehouse portfolio for £18m

Wilmslow property company Quorum Estates has sold its industrial portfolio to sector specialist investor Warehouse REIT for £18.25m, reflecting a net initial yield of 7%.

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.