Landsec pushes back starts on four major housing schemes to 2027

Developer Landsec has pushed back the start dates for four huge residential schemes capable of delivering 9,000 homes as viability pressures continue to choke new build activity.
The developer now expects first starts in 2027 on major projects at Mayfield in Manchester, Lewisham in south-east London, Finchley Road in north London and MediaCity in Salford.
Landsec said that returns were currently are not at sufficient levels to justify earlier starts.In the last six months, the developer has secu