The Manchester-based developer issued a trading update, confirming it has completed the sale of its Seaton House property in Stockport.

The disposal of this asset has completed, with the property realising a total consideration of £1m. However, Zentra will recognise a loss after selling costs of £140,000.

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Additionally, Zentra reported on its One Victoria scheme in Manchester city centre which will include 129 residential apartments and three commercial units.

Zentra is the development manager of the site and holds a 30% equity interest.

Construction is progressing but following a “contractor disruption” practical completion is being targeted for the second quarter of 2026 instead of the end of this year.

To date, contracts for sale have been exchanged for 72 of the residential units with four more reserved.

Zentra will publish its accounts for the year, ending June 2025, later this month.