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MANCHESTER - Zentra Group plc (AQSE:ZNT) has completed the sale of its land at Churchgate, Leicester for £0.25 million, the Manchester-based property development company announced today.
The transaction, which was initially expected to close in April 2025 following an auction as disclosed in the company’s March interim results, was delayed due to a rights of light dispute. This dispute has now been resolved to the satisfaction of all parties involved.
Zentra Group specializes in property development and management primarily in the residential sector across Northern England. The company is listed on the Access Segment of the Aquis Stock Exchange Growth Market.
The completion of this land sale represents the conclusion of a transaction that had faced unexpected legal complications, according to the company’s press release statement.
Zentra Group, which focuses on residential property development, aims to deliver returns for its investors through strategic property management and development initiatives.
The announcement comes as part of the company’s ongoing portfolio management activities in the UK property market.
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