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

Tom Bloxham, Urban Splash's chairman
Tom Bloxham, Urban Splash's chairman
James Graham
James Graham
Deputy Editor, North West

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 ... for the full story register now for free or login below...

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