June 19, 2011 / 11:05 PM / 8 years ago

Barratt in £128 million London property deal

LONDON (Reuters) - Homebuilder Barratt Developments has secured a 128 million pound deal with partner London& Quadrant to build 375 new homes near the Arsenal football stadium in north London.

The country’s largest housebuilder by volume said the site would comprise three residential towers, and would expand Barratt’s position in the lucrative London market.

The site is part of a redevelopment around the 390 million pound Emirates Stadium project which opened in July 2006. It is Barratt’s second major deal with housing association London & Quadrant in the past six months.

Reporting by Lorraine Turner; editing by Jane Merriman

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