StockMarketWire.com - WH Ireland Group has, via subsidiary Readycount Ltd, disposed of its freehold property at 11 St James`s Square, Manchester to Beech Developments (Manchester) Ltd for £5.27m cash.

Sale proceeds represented a premium to the carrying book value of £4.75m.

At the same time, WH Ireland has entered into a lease with Beech Developments, pursuant to which the employees of the company's Manchester office would remain in the property for at least a further five months, and thereafter would move to another leased property in Central Manchester.

The company would use the sale proceeds for general corporate purposes.






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