MJ Gleeson, the UK-listed property and construction company has announced plans to sell of its remaining non-core operations over the next two years in order to make returns to investors before the third quarter of 2007.

Chief executive Paul Walworth stated that the company will now focus on its three core areas of strategic land trading, commercial property development and urban regeneration.

The businesses to be sold include Gleeson Homes' activities outside of housing regeneration and Gleeson's remaining investment property portfolio, which the company hopes to achieve by the end of the year. 

Gleeson will also sell its four remaining non-housing PFI investments over the next two years. 

2006 has already seen a number of disposals from Gleeson, including its concrete repairs division, its construction services group, its engineering business and the majority of its commercial property portfolio.