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Housing Today: London Square sees profit double

16 August 2022 0

Revenue soars as capital-focused developer benefits from growth in rented and affordable housing schemes.

Profit at developer London Square more than doubled in the year to March as the firm reaped the benefits from its ventures into build to rent and partnerships housing.

In a statement in the accounts, published on Companies House, chief executive Adam Lawrence put the performance down to the growth in the firm’s build to rent business, London Square Living, where it is contracted to build out a 756-unit scheme at Nine Elms, and its ventures into partnerships and affordable housing.

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