Manchester-based Urban Splash is in talks to enter the London market by buying up Croydon council’s troubled housing developer Brick By Brick.

Building Design’s sister title Housing Today understands that press reports stating a deal is in the offing are substantially correct. If so, it would wipe out the debt owed by Brick By Brick to Croydon.

Last November, Housing Today revealed that Brick By Brick was in talks with parties regarding a sale of the business given the financial difficulties being experienced by Croydon, which set up Brick By Brick in 2016 and has lent it more than £200m. Brick By Brick at the time declined to name the potential buyers it was in talks with.

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