Marley to sell Ely Property subsidiary in stg£6m deal
Entrepreneur Philip Marley has agreed a stg£6 million deal to sell the operating subsidiary of Ely Property, the student accommodation firm.
The businessman is selling Ely Management Operations, which runs accommodation blocks across Ireland and Britain, to the Niche Group, a quoted British investment firm.
Under the deal, Ely will retain ownership of the properties and will concentrate on developing accommodation blocks rather than managing them …