Barratt Developments In Venture With Swindon Council for 2,670 Homes
LONDON (Alliance News) - Barratt Developments PLC said Thursday it has entered an equal joint venture with Swindon Borough Council to build 2,670 new homes over the next 20 years in a scheme that also will include three schools. The council will contribute the land and existing infrastructure, and Barratt will fund new infrastructure and some affordable housing. The gross assets of the joint venture are GBP70.3 million, of which Barratt shares half. Barratt shares were up 0.2% at 611.00 pence in late trade on Thursday.