-
Cala Homes, a major UK housebuilder, has been sold for nearly £1.4 billion to a joint venture between Sixth Street Partners and Patron Capital. The deal marks a significant shift in ownership, with Cala poised to continue its growth in the premium housing market across the UK.
-
UK housebuilders are grappling with significant profit declines and reduced home completions amid rising interest rates and economic uncertainty. Barratt Developments reported a 75% drop in profits, while Vistry Group saw increased sales in affordable housing. The Labour government aims to build 1.5 million homes by 2029, necessitating a shift in industry attitudes.
-
The UK government, under Labour's plans, aims to build 1.5 million homes by 2029. A new joint venture, the MADE Partnership, has been launched to facilitate this goal, while experts advocate for low-carbon standards in new housing developments to reduce energy costs and emissions.