BUSINESS

Croydon to keep hold of loss-making property development firm

Croydon LBC is expected to keep hold of its property development firm Brick by Brick after rejecting an offer from a ‘credible bidder’.

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By Dan Peters | 02 July 2021

Croydon LBC is expected to keep hold of its property development firm Brick by Brick after rejecting an offer from a ‘credible bidder'.

Senior councillors are due to turn down the offer from regeneration firm Urban Splash and allow Brick by Brick to continue developing a number of sites ‘in order to get the best deal for residents'.

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Dan Peters

Popular articles by Dan Peters

  1. Deal reached after mayor launched legal case against own council
  2. Councils could get powers to suspend members
  3. CCN backs reorganisation
  4. Pennycook: Compulsory purchase to be made 'faster and more efficient'
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