Redrow sells property portfolio for £10.9m
Residential developer Redrow has confirmed its Redrow Homes Limited division will sell its ground rent portfolio to Adriatic Land 3 for £10.2m.
FTSE 250
19,725.39
11:00 25/04/24
n/a
n/a
FTSE 350
4,445.92
11:00 25/04/24
n/a
n/a
FTSE All-Share
4,399.47
11:00 25/04/24
n/a
n/a
Household Goods & Home Construction
12,578.21
10:59 25/04/24
0.83%
103.41
Redrow
643.00p
10:59 25/04/24
0.86%
5.50p
The portfolio includes developments at Kingston Riverside, Kingston Riverwalk, Amberley Waterfront and 205 Holland Park in London.
The first two assets were sold for a combined £8.3m, while the latter two were valued at a combined £1.9m.
Redrow shares were up 1.89% to 360.70p on at 08:21 on Friday.