UK housebuilder Vistry Group is to shift its focus to social housing after soaring mortgage costs sparked a dropoff in the sale of private homes.
Bovis Homes
Bovis Homes has completed the acquisition of Galliford Try’s housebuilding arm, creating one of the UK’s top five home building groups. The sale of Linden Homes and Galliford Try Partnerships was achieved in a transaction valued at approximately £1.1 billion, including shares, debt
Bovis Homes has agreed a share and cash deal for Galliford Try's housebuilding arm that values the business at £1.075 billion, creating one of the UK's top five home building groups. The deal to acquire Linden Homes and Galliford's Partnerships & Regeneration businesses will create a group
Galliford Try has reached a preliminary agreement to sell its house-building interests to Bovis Homes for £1.075 billion. Under the terms, Bovis will pay a cash element of £300 million for Linden Homes and Galliford Try Partnerships with a further transfer of a £100m private debt p
A £950 million bid by Bovis Homes to take over the housing business of Galliford Try has been rejected by the company’s board.
Housebuilder Bovis Homes has unveiled a strong set of first half results as the group delivered a “record” number of homes. The 131-year-old firm reported a 15 per cent rise in pre-tax profits to £61.7 million for the six months to June.