Delancey Estates announced three deals on the announcement of half-year pretax profits up 58% to £3.9m on sales up from £6.56m to £46m.
It is selling four shopping centres in Shrewsbury, Chesterfield, Wrexham and Birkenhead for £121m to subsidiaries of the Dunedin Property Retail Fund.
It is also selling the Milner Estates consultancy business for £28m to a new joint venture in which Delancey will hold 75% and its Dixon Delancey unit to a private investor for £14m. The move is a major step towards its aim of becoming exclusively London-based.
Financial Times 22/12/00 page 23
The Daily Telegraph 22/12/00 page 33
The Times 22/12/00 page 22
The Independent 22/12/00 page 19
