Member Article

York construction firm acquires South East housebuilder

York-headquartered construction firm, Persimmon plc has acquired South East housebuilder Hillreed Homes, for £35.7m.Kent-based Hillreed has a landbank of roughly 3,400 plots, including strategic land holdings, and focuses on producing family homes. Mike Farley, Group Chief Executive, commented: “Hillreed’s focus on high quality family housing is highly complementary to our existing Persimmon, Charles Church and Westbury Partnerships brands and its attractive landbank adds to our already strong regional business in the important south east market. “The acquisition of Hillreed demonstrates our commitment to continued land investment in support of Persimmon’s growth strategy.”

This was posted in Bdaily's Members' News section by Tom Keighley .