‘New beginning’ for Urban Splash following £77m deal

PROPERTY developer Urban Splash has sold 654 apartments, including stock in Yorkshire, 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 Manchester-based company which has been hamstrung by the depressed property market and debts of more th... For the full story register now for free or login below...