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Countryside to split off private housebuilding business

Countryside has outlined plans to focus solely on its social housing and private rental arm, after reviewing a separation of its pure housebuilding operations.

The housebuilder said it would focus all of its resources on its Partnerships business, which concentrates on mixed-tenure communities in partnership with housing associations, public bodies and institutional private rental operators.

The sale of land and developments associated with the housebuilding arm, which builds private homes for owner-occupiers in the Home Counties, is expected to generate £450m by September 2023.

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