Alpha Real Trust said it had sold a residential development site in Leeds to City Developments for £15.4m.

The company had acquired the Monk Bridge development site in December 2015 which has planning consent for 664 units over five buildings of up to 21 storeys.

The sale price was above the company's latest published value for the site, Alpha Real Trust said

At 1:15pm: (LON:ARTL) Alpha Real Trust share price was +2p at 141.5p