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BTDPF / Lloyds and Barratt Developments in new rental property deal

Barratt Developments has agreed to build and sell 604 homes to Citra Living, a subsidiary of Lloyds Banking, for £168.4mln cash or £278,00 each on average. The housebuilder will recognise revenue and profit on the legal completion of each home under this future sale agreement, though over 500 are expected to be transferred to Citra's ownership over the 12 months to 30 June 2024 and the rest in the following year Barratt added the current gross asset value of the 604 homes is £72.4mln, comprised of the current balance sheet aggregate value of the land and work in progress. Read More

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BTDPF

Posted: Jun 30 2023, 05:34

Author Name: Proactive Investors

BTDPF News

By Proactive Investors
October 18, 2023

Barratt Developments trading in line in difficult environment

Barratt Developments PLC (LSE:BDEV) said it continued to trade in line with expectations despite a difficult trading environment. David Thomas, chief

By Invezz
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Barratt reports a 16% hit to annual profit: ‘cracks are starting to appear'

Barratt Developments PLC (LON: BDEV) says higher mortgage rates and the ongoing cost-of-living crisis will continue to weigh on demand in the coming m

By Proactive Investors
September 6, 2023

Barratt adds mortgage availability issues to its list of challenges

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By Proactive Investors
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Day Ahead: Barratt to update on housing, Halfords on bike demand

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By Proactive Investors
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Barratt sales guidance in focus as builder braced for tough year ahead

Barratt Developments PLC (LSE:BDEV) will be the latest housebuilder to update as tough trading continues to hit the sector, with the company set to gr

By Proactive Investors
August 29, 2023

Persimmon, Barratt, Vistry up as environmental rules scrapped

Shares in housebuilders are firmly on the front foot after the government announced it was scrapping UK environmental rules that developers say have

By Proactive Investors
August 25, 2023

Persimmon, Taylor Wimpey, Barratt face landbank probe

UK's largest housebuilders are facing a competition probe into how much land they control, maintenance charges on housing estates, a lack of competiti

By Proactive Investors
August 21, 2023

Taylor Wimpey, Persimmon, Barratt tumble as falling asking prices weigh in

Subsiding asking prices for homes in the UK hit housebuilders early on Monday, with Taylor Wimpey PLC (LSE:TW.), Persimmon PLC (LSE:PSN) and Barratt D

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