It intends to let the property and relocate its own operations. If the venture is successful it could lift the group's asset value to more than 85p-a-share with 16p in cash. The company is controlled through its ordinary shares, priced at 63p; the restricted voting shares are 45p.
Intercare, the healthcare group, gained 3p to 78p, a two-year peak. It has been reshaped under new management and is thought to have reversed its profit decline.
At its peak it produced pounds 4.3m; last year's figure was pounds 2.5m.Reuse content