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MANCHESTER - Zentra Group PLC, a Manchester-based property development company, has announced the sale of the majority of its One Meadow development units in Eccleshill, West Yorkshire. The transaction involved 19 of the 24 available units and was finalized for a sum of £3.96 million.
The buyer, a Registered Housing Provider, acquired the units in a bulk sale that allowed Zentra to fully repay the development finance facility tied to the project. This move signifies a notable financial milestone for the company, as it clears a significant debt obligation.
With the bulk sale complete, Zentra Group now shifts its focus to the private market, where the remaining five units at One Meadow are currently offered for sale. The company plans to provide updates on these sales in the future.
Zentra Group specializes in residential sector developments primarily in the North of England. The company aims to identify value and optimize investment opportunities for its stakeholders. Zentra is listed on the Access Segment of the Aquis Stock Exchange Growth Market under the ticker ZNT.
This announcement is based on a press release statement and contains information that is considered inside information under the Market Abuse Regulation (MAR). The company has taken full responsibility for the contents of the announcement.
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