Taylor Wimpey raises £500m to buy up land

By Joey Gardiner2020-06-18T07:43:00

Housebuilder looks to take advantage of cheap sites during the pandemic crisis

Housebuilder Taylor Wimpey has raised more than £500m on the stock market in order to buy land for new homes while prices are low during the covid pandemic.

The housebuilder confirmed this morning that it had successfully raised £515m through a placing of new shares, first announced after the market closed yesterday.

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