Trading Update

Zentra Group plc (ZNT) Zentra Group plc: Trading Update 08-Dec-2025 / 07:00 GMT/BST ZENTRA GROUP PLC (“Zentra” or “the Company”)

Trading Update

 

Zentra Group PLC (AQSE: ZNT), the Manchester-based residential developer, development manager and property manager focused on the North of England, is pleased to provide a trading update, including confirmation of the completion of the disposal of the land to the rear of Seaton House in Stockport, an update on construction and sales progress at One Victoria, Manchester, and the timing for the publication of the Company’s Annual Report and Accounts for the year ended 30 June 2025.

Seaton House, Stockport – Disposal Update

Further to the Company’s announcement on 4 July 2024 regarding the disposal of Seaton House, Zentra is pleased to report that planning approval for the rear car park site was granted on 17 November 2025, satisfying the remaining condition required for completion of the conditional land sale to the purchaser.

The transaction has now completed, generating net proceeds of £0.4 million. As previously announced, the existing Seaton House building was sold for £0.6 million, taking total consideration from the disposal of the entire development to £1.0 million. The Company will recognise a loss after selling costs of £140,000.

The proceeds will be used to support the Company’s development activities and for general working capital purposes.

One Victoria, Manchester – Construction & Sales Update

Zentra continues to act as development manager at One Victoria, a scheme in Manchester city centre comprising 129 residential apartments and three commercial units, in which the Company also holds a 30% equity interest.

In terms of construction progress, the main structure is complete, the façade and glazing works are well advanced, and the internal fit-out is progressing across both blocks, supported by completed show apartments and a marketing suite.

Following contractor disruption, the Company is implementing an updated delivery plan for the scheme. Practical completion was previously expected in the fourth quarter of 2025, but is now expected in the second quarter of 2026.