Croydon council set to turn down Urban Splash offer fortroubled housebuilding company

摘要

Croydon council is set to reject an offer by Urban Splash to buy its troubled housebuilding company,despite concluding that it represents good value.A report published late yesterday for the council’s scrutiny committee said the council was intendingto reject the offer for Brick By Brick – which it conrmed for the rst time was from regen developerUrban Splash – and instead build out more of Brick By Brick’s programme itself, before winding thebusiness down.