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'New beginning' for Urban Splash after £77m sell-off

26th July 2013

Tom Bloxham, Urban Splash's chairman

Tom Bloxham, Urban Splash's chairman

MANCHESTER property developer Urban Splash has sold most of its flagship schemes, including 654 apartments, to social housing landlord Places for People in a £77m deal.The transaction is part of a major overhaul of the debt-laden company's structure that will see it operate under a number of new debt free corporate entities and look for joint venture opportunities.Co-founder Tom Bloxham described the move as a "new beginning" for the company which has been hamstrung by the depressed property market and debts of more than &po......for the full story register now for free or login below...

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