The housebuilder’s shares fell by 14p to 380.5p despite signing a new loan deal with its banks. The interest costs of the loan will have soared and analysts believe that the deal is simply delaying the need for an eventual debt-for-equity swap.
Frasers Property has acquired Lakeshore in Bedfont Lakes Business Park for £135m.
Rockwell and FirethornTrust have secured planning for their redevelopment of Quay House in Canary Wharf.
Lord Deben urges sector to ‘come to battle not with problems but solutions’
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