Specialist regeneration developer and investor U+I has sold four small legacy projects generating development and trading gains of £6.7m.
U+I said the move is in line with the FY 2018 guidance provided for disposals of “other projects”, it takes the level of gains delivered since the start of its financial year to £16.1m and it “demonstrates further progress on its strategy”.
Chief executive Matthew Weiner said: “These disposals take us closer to realising our full year guidance of £65-£70m of development and trading gains as outlined in our October interim results.
“We remain confident of meeting this target and look forward to updating shareholders on further positive progress in due course.”
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