U.K. Homebuilders Join ‘Remain’ Camp as Brexit Tensions Rise

  • Barratt Developments, Canary Wharf Group among 17 seeing risk
  • U.S. official, Nobel laureates, German magazine urge remain

Britain’s biggest property firms including Barratt Developments Plc and Canary Wharf Group Plc are the latest to take a stand on U.K. membership in the European Union less than two weeks before a vote, saying a decision to leave would hinder development projects and raise the cost to build new homes.

In an open letter released Saturday, executives from 17 U.K. companies said the “considerable uncertainty” of a vote to leave will harm investment in the country, making it harder for firms to raise funds to build. Tensions have heightened as campaigners from both sides have grown more vocal less than two weeks before Britons cast their votes June 23 on whether to remain in the EU. The campaign to leave took a 10 percentage-point lead in a poll published late Friday…

U.K. Homebuilders Join ‘Remain’ Camp as Brexit Tensions Rise

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