Property failures continue

Property failures continue - 1990 - Financial Times 25/8/90 p8 Times 29/8/90 p22 .

Property companies Broadwell Land and Citygrove have called in administrative receivers, while the reluctance of financial institutions to buy completed property development s has been blamed for Bredero `s reduced profits and Erostin `s decision to make 12 people redundant.


RECEIVERSHIP
RECESSION
REDUNDANCIES
SLUMP