Crest completions up as takeover rumours circulate

Nov. 16, 2006
Crest Nicholson has announced a 22% increase in housing completions as takeover speculation continues to dog the housebuilder. In a trading statement Crest revealed that completions had risen from 2,417 to 2,946 in 2005. Its affordable housing output doubled to 911 resulting in a drop in its average selling price from £225,000 to just under £200,000 this year. Chief executive …

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