17 December 2015
The Peverel/Firstport Future Without Electra?
Rumours are circulating in the City, that following changes within Electra, that at some point during 2016, Peverel/Firstport will be sold off.
It is understood by About Peverel that plans are well advanced and the sell off is targeted for the Autumn period of 2016.
The long term "hope" will be to preserve Cirrus/Appello and to leave a rump of around 700-1,000 developments under management.
It is expected that the current workforce will shrink by 30% in the next year.
