In House buys Berrymount Developments

Rachael Tinniswood

Property investment company In House has acquired Wigan-based Berrymount Developments for £2.3m in cash and £40,000 in shares.

Warrington-based In House claimed buying Berrymount, which owns 28 properties in the North West, will yield up to £220,000 rent a year and said that the group's properties are estimated to be worth more than £3.3m.

The company's £10m revolving credit facility funded the acquisition.

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