Need to Know: Mccarthy & Stone Reshapes Portfolio

The ScotsmanJuly 17, 2009

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Summary


MCCARTHY & Stone, the embattled retirement housebuilder in which Sir Tom Hunter previously owned a stake, has revealed plans to rebuild its development portfolio in Scotland.

A major refinancing took place earlier this year after it was unable to service its debt and its main lender, HBOS, took control of the business.

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Need to Know: Mccarthy & Stone Reshapes Portfolio

The firm ...

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