Countryside shareholder row breaks out into open

By Joey Gardiner2020-12-02T17:04:00

Countryside Properties MMC factory, Warrington

US investor Browning West launches campaign to oust chair and sell private housebuilding business

One of the largest shareholders in £1.4bn-turnover residential developer Countryside has called for the resignation of its chair after accusing it of suffering “deteriorating operating performance”.

US investor Browning West, which owns 9.4% of the firm, has launched a campaign to persuade Countryside to sell its traditional housebuilding business from its market-leading “partnerships” housing division, which builds homes for local authorities and housing associations.

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