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Taylor Wimpey taps investors for £500m land fund

Taylor Wimpey is tapping investors for £500m to spend on land.

The housebuilders wants to take advantage of the low prices and thinned competition caused by the coronavirus. The company has already spent £136m on land during the lockdown, but that has hardly slaked its appetite.

The builder is in the process of acquiring 13 sites and is in talks over a further 60.

The FT (£)

 

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