BRISTOL, UK-Quintain has agreed to sell a 65-acre undeveloped residential parcel at Emersons Green in Bristol. Taylor Wimpey Plc will immediately pay GBP 10 million for the land and an additional GBP 2 million in September.
This disposal from the regional portfolio of Quintain forms part of an ongoing method of recycling fund from non-core assets. Quintain is using the proceeds to strengthen the Group balance sheet, allowing it to concentrate on two estates at Greenwich Peninsula and Wembley. For the full story, go to PropertyMall .
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