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Evening Standard

National

Henry Saker-Clark

Kier to halt new investment in property development

Construction firm Kier has said it will stop new investment in its property development business (Kier/PA) -

Construction giant Kier Group has said it will stop new investment into its property development business, in a fresh blow to the Government’s housebuilding ambitions.

The FTSE 250 company said there will be “no investment in new property developments” from the 2027 financial year, with funds re-allocated to other parts of the firm.

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