Losses narrow at McCarthy Stone as revenue grows 70%

McCarthy & Stone's Boathouse development in Southampton, Hampshire

McCarthy Stone continues to make ‘good progress’ on its multi-tenure strategy with 176 (17.4%) of completions relating to rental, demonstrating demand for the offering. While trading conditions at the retirement living developer and manager were impacted by Covid-19 for a second year, it delivered volume growth of 21.8%, with 1,013 legal completions (2020: 832) helping…

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