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Birmingham Post
Birmingham Post
Business
William Telford

Future of South West housing projects still uncertain despite Mi-space rescue

South West Bell Midas United Kingdom

The future of key South West residential projects worth many millions of pounds is still uncertain despite the housing division of collapsed Midas Group Ltd being rescued from administration, it has emerged.

Projects including the TorVista Homes scheme in Torbay, Cornish developments for Treveth, the £50m Oakfield scheme in Swindon, and the 140-home unfinished Quintrell Downs project, also in Cornwall, are not part of the eleventh-hour rescue of Mi-space (UK) Ltd by Scottish-headquartered Bell Group.

The national property services company swooped to purchase Mi-space (UK) Ltd, saving 46 jobs, as its parent group appointed administrators.

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