IN BRIEF: Residential Secure completes property sale for £15 million

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Residential Secure Income PLC - investor in retirement living and shared ownership - Completes sale of Wesley House for net consideration of around £15 million. The sale marginally exceeds the £14.8 million valuation reported as at March 31. The proceeds enable the company to repay its £15 million floating rate debt with Santander in full. The company said it is now working exclusively in the independent retirement rentals and shared ownership residential sub-sectors during its managed wind-down. Wesley House is a local authority housing property in Luton.

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