An earlier deal
Vistry, the parent of Countryside that is responsible for several housing developments in Brent. including in Northwick Park and South Kilburn, has issued its third annual profits warning in as many months. They now expect profits of £250m compared with £419m last year.
Today the share price fell by 16.2% in half-day trading.
Countryside building for Sovereign Network Group in Northwick Park
The company said that it has dropped various deals because they were not 'sufficiently attractive'. There is speculation that this might mean that they will not bid for the 'single developer' role that Brent Council is seeking for the remainder of the South Kilburn Regeneration. There may also be knock-on effect on tenure of the developments currently underway when viability is reviewed.
