Confidence in the housebuilding sector today received a further boost after CALA was sold for £210 million.
The Edinburgh-based firm, which builds around 875 homes a year with an average selling price of £340,000, was sold by Lloyds Banking Group to insurer Legal & General and private equity firm Patron.
CALA's sale follows the recent successful £600 million flotation of housebuilder Crest Nicholson and a raft of positive trading updates from the sector.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
