Far East Development (00035) announced that on May 14, 2024, the seller (Boundary Farm Car Park Limited, an indirect non-wholly-owned subsidiary of the company) intended to sell such properties to the buyer (Boundary Park Holdings Ltd) at a cost of £17.245 million plus VAT.
Property 1 is freehold land located at Boundary Farm, Styal Road, Manchester (M22 5YA), registered as absolute title with the HM Land Registry (HM Land Registry) under title number CH159342. Property 2 is freehold land located on Moss Lane, north of Styal. It is registered as absolute title in the UK Land Registry under title number CH339689. The properties are currently known as “Boundary Farm Car Park”.