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. Woking's debt hits £2.1bn
  2. Elected mayor 'stumbling block' warning
  3. EXCLUSIVE: Ministers ponder fortnightly waste edict
  4. EXCLUSIVE: Former minister raises concerns over standards reform
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