Michael A Ziff, non-executive director for Town Centre Securities, has sold £30,412 of shares in the company.
A total of 10,600 shares of 25p each in the company were sold at a price of £1.90 a share and 5,300 shares of 25p each in the company at a price of £1.91 a share.
Ziff's children purchased the shares on 10 March. Their names were undisclosed.
Ziff transferred a further 597 shares of 25p in the company held in trust for his children to the beneficiary.
The Leeds-based property investment and development company owns Piccadilly Basin in Manchester.