Find out how new Shropshire homes have held up huge multi-million merger of builders Barratt and Redrow

  • 📰 ShropshireStar
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Housebuilder Barratt’s £2.5 billion purchase of Redrow has been given the green light – despite concerns about a development in the heart of Shropshire.

Find out how new Shropshire homes have held up huge multi-million merger of builders Barratt and Redrow

Housebuilder Barratt’s £2.5 billion purchase of Redrow has been given the green light – despite concerns about a development in the heart of Shropshire.The Competition and Markets Authority raised concerns the deal could lead to higher prices and lower quality homes in one area – in and around Whitchurch – where Redrow has a plot with planning consent for 324 homes.

Its concerns are over land ripe for development over the roughly 11-mile area, which as well as Whitchurch also includes land around nearby towns Ellesmere, Market Drayton and Nantwich. Despite the CMA raising concerns, Barratt had pushed on with the deal anyway. It said in August that it would waive conditions put on the deal by the regulator and took ownership of Redrow’s shares.

The companies have so far been made to continue operating independently until competition questions were settled. They put forward measures including appointing Savills as a third party to sell the houses. The homes wil be “constructed to Redrow’s quality standards and completed in a timely manner”.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 98. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Barratt and Redrow £2.5bn merger agreed as monopoly fear allayedThe housebuilding giants' plan gets the go-ahead after a competition probe into two homes projects.
Sumber: bbcemt - 🏆 120. / 51 Baca lebih lajut »