Housebuilder sells commercial property investments to Teesland IOB, Kiln Lane and Maybrook Properties.
MJ Gleeson has sold property worth a total of £27.9m after a strategic review at the firm. The move follows last week’s sale of its concrete repairs business to management buyout vehicle Rangelast for £3m.
Gleeson has sold £17.8m its portfolio to property fund Teesland IOG, £3.3m to property investment company Kiln Lane, and £6.8m to Maybrook Properties.
Gleeson offloaded its construction division to a management buyout in March last year after the arm suffered a £16.6m loss.