Quorum sells warehouse portfolio for £18m

The Bangor-based contractor and developer is planning to build 1,500 private rented apartments between 2018 and 2022, with the company on track to hit its financial targets in its upcoming full-year results.

Shares in the Bangor-based student accommodation developer are changing hands at more than twice their debut price 18 months ago.

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.

Anglesey science park M-SParc is on course to open its doors in early 2018, its developer has reported.

Watkin Jones has forward sold a portfolio of six developments to an institutional investor, Europa Generation, for £165m.

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 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.

Lymm-based Hultons Landscapes has completed the purchase of £2m-turnover Welsh firm Wright Landscapes for an undisclosed sum.