CALA Homes
 | |
| Industry | Housebuilding |
|---|---|
| Founded | 1875 |
| Headquarters | Staines-upon-Thames,England, UK |
| Revenue |  £1,220.8 million (2018) |
| £93.1 million (2018) | |
| Parent | Legal & General Capital |
| Subsidiaries | Banner Homes |
| Website | cala |
Cala Group (Holdings) Limited[1]is a Britishhousebuildingcompany headquartered inStaines-upon-Thames,England.[2]
History
[edit]Cala Homes was founded in 1875 as the City of Aberdeen Land Association. It has grown to become one of the UK's largest house builders. Between 1999 and 2013 theBank of Scotlandheld a majority stake in the company,[3]untilLegal & GeneralandPatron Capitaleach took a 46.5% stake in the company in March 2013.[4]In 2014, it bought rival Banner Homes for £200 million.[5]
Legal & General acquired full control of Cala Homes in March 2018.[6]In its 2022 accounts, Cala reported it sold 3,000 homes and employed 1,300 staff.[7][8]Six years later, in March 2024, L&G was reported to be looking to sell Cala Homes, withRothschild & Coappointed to handle a sale. In May 2024,Persimmon,Taylor Wimpeyand Avant Homes were reported to be considering bids for Cala Homes, valued at around £1bn.[9]
Kevin Whitaker is the group chief executive. He was previously one of two regional chairs, and managing director of the Cala Homes East division.[10]
References
[edit]- ^"CALA GROUP (HOLDINGS) LIMITED overview - Find and update company information - GOV.UK".Companies House.Retrieved3 August2023.
- ^"CALA GROUP (HOLDINGS) LIMITED - Overview (Free company information from Companies House)".
- ^King, David (16 March 1999)."Cala to construct future as private company".The Scotsman.Archived fromthe originalon 20 November 2018.Retrieved2 December2017.
- ^Mackie, Gareth (18 March 2013)."Cala set for new lease of life after takeover deal".The Scotsman.Retrieved2 December2017.
- ^Jeff, Dominic (21 October 2014)."'It's been a really good year' says Cala boss ".The Scotsman.Retrieved2 December2017.
- ^"Legal & General Capital acquires full ownership of Cala Homes".Legal & General.Retrieved6 March2019.
- ^Kleinman, Mark (18 March 2024)."Legal & General lines up bankers to sell housebuilder Cala".Sky News.Retrieved26 March2024.
- ^Morby, Aaron (25 March 2024)."L&G looks to sell Cala Homes in exit from house building".Construction Enquirer.Retrieved26 March2024.
- ^"Persimmon tipped for Cala bid".The Construction Index.28 May 2024.Retrieved28 May2024.
- ^"Cala builds strong foundations as new chief is unveiled".Retrieved3 August2018.
External links
[edit]
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