Redrow sells property portfolio for £10.9m

Residential developer Redrow has confirmed its Redrow Homes Limited division will sell its ground rent portfolio to Adriatic Land 3 for £10.2m.

The portfolio includes developments at Kingston Riverside, Kingston Riverwalk, Amberley Waterfront and 205 Holland Park in London.

The first two assets were sold for a combined £8.3m, while the latter two were valued at a combined £1.9m.

Redrow shares were up 1.89% to 360.70p on at 08:21 on Friday.