Under-fire council-owned developer Brick By Brick has sold 85 homes to a for-profit social landlord in a £29m deal, including some designed by Stirling Prize-winners Mikhail Riches.

The homes have been bought by Residential Secure Income (ReSI), a listed investment vehicle set up in 2017 to make money from buying shared ownership properties.

The firm said the deal will allow Brick By Brick to accelerate the delivery of affordable homes and “return the proceeds of the sale to the London Borough of Croydon to be spent on frontline services”.

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