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Investors eye housing recovery by snapping up CALA Homes in 210m deal

19th March 2013

Darren Humphreys, left, Midlands regional managing director, Cala Homes, with land director Matt Gallagher

Darren Humphreys, left, Midlands regional managing director, Cala Homes, with land director Matt Gallagher

HOUSING developer CALA Group, whose Midlands head office is based in Henley-in-Arden, has been sold in a private equity deal worth £210m.The firm, which is based in Scotland, has reached an agreement with private equity firm Patron Capital Partners and insurance giant Legal & General.It is thought investors may be eyeing a recovery in the housing market and have made their move now while the market is receptive.CALA completed 153 homes in the Midlands in the last financial year and is currently building in locations acro......for the full story register now for free or login below...

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