Chilled foods group Dairy Crest has sold its former milk processing plant Westway in London for £18m in cash.

CGNU and Commercial Union have bought the site which Dairy Crest vacated in January. The approved developer is Helical Bar.

Dairy Crest said the money will be used to reduce group borrowings and comes in the same week the group bought the St Ivel spreads business from the Uniq for £86.5m.