Zentra Group PLC (AQSE: ZNT), the Manchester-based residential developer, development manager and property manager focused on the North of England, announces that a sale of the One Heritage Tower site in Salford (the “Transaction”) has completed.

Zentra acts as development manager to the project and, following completion of the Transaction, the Company has earned a sales fee of £0.35 million under the terms of its Development Management Agreement.

The fee represents one element of a series of measures being introduced by the Group to strengthen and maintain its liquidity position.