13 Facts About Countryside Properties

Countryside Partnerships plc, formerly Countryside Properties plc, is a UK housebuilding and urban regeneration company, operating mainly in London and the South East of England, but with a presence in the North West of England.

Housebuilding business that became Countryside Properties was founded in 1958 by Alan Cherry CBE, who remained its chairman until his death in January 2010.

One of the Bairstow clients was another developer, Countryside Properties, formed in 1958 by Solomon 'Bob' Bobroff, and in the late 1960s the two concerns began to work together.

In 1972 Countryside acquired Copthorn and, with Bobroff as chairman and Alan Cherry as a joint managing director, Countryside was floated on the London Stock Exchange.

Countryside Properties was bought out by Copthorn Holdings Ltd, which was then jointly owned by the Cherry family and the Bank of Scotland, part of Lloyds Banking Group.

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In 2015, Countryside Properties announced further changes to its board of directors.

In May 2022, Countryside Properties was the target of a takeover bid by Inclusive Capital Partners, a San Francisco-based hedge fund.

The Countryside Properties board rejected this bid, but Browning West, which holds 15.

In 2017, it was reported that Countryside was selling properties with doubling Ground rent terms written into the leasehold contracts of purchasers, such terms are considered by mortgage lenders such as Nationwide Building Society to be "unfair" and ones that they would be unwilling to lend on.

In light of increasing media coverage, Countryside Properties signalled it would attempt to 'buy back' freeholds and amend terms for some leaseholders affected by 10 year doubling ground rents, by linking increases to Retail price index.

The buildings were developed in 2004 by Countryside Properties and built by Carillion, which had gone into liquidation in January 2018.

Countryside Properties said NV Buildings received all relevant approvals when Carillion completed the project.

Countryside Properties was undertaking a "comprehensive review" of the building's design and construction.