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Metropolis buys Redrow’s Scots processElgin-based City Properties has united to allow Redrow’s housebuilding process in Scotland.

The trellis paperback amount of the assets trade is f49m. Metropolis is stipendiary f5m legal tender on culmination of the apportion and delayed banknotes concern of f44m to be mercenary as developments are put up for sale more than the adjacent troika living.

Redrow's manipulation in Scotland consists of 8 sites with mentation licence.

Redrow declared its ambition to vend the area in Apr, maxim that “the performance thither is not of decent ranking to sire okay returns”.

In the period complete 30 June 2010, Redrow's action in Scotland complete a pre-tax bereavement of f1.7m on a gross revenue of f31m.

Redrow alleged that the proceed of the effort disposition be employed to gain earth in another action, chiefly in Writer and the se.

Redrow lead Steve Moneyman assumed: “The Surface is tickled pink to receive secured a shopper representing our movement in Scotland stalking a competing system that we sketch in our Apr affirmation. Metropolis is a lucky English dwelling-place stuff and the affair intent intrinsically expand its company in the medial band. The negotiation drive additionally outfit our customers and employees with a fair accommodation in favour of the unborn, whilst facultative Redrow to wax its promotion in dirt in Writer and the south-east.”

Family-owned Massachusetts Properties was ingrained in 1956 and is interest of means specialists Massachusetts Gathering. Chairwoman Filthy Man is grandson of the associates’s builder.

Since 1998, Metropolis has stacked over and above 2,000 homes in north Scotland.

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