Industry entering new round of consolidations

July 1, 2005
The housebuilding industry appears to be entering a new round of consolidations and sell-offs. The Berkeley Group has offloaded its Crosby Homes operation to Australian construction giant Lend Lease for £235.7 million; US property firm Centex is reviewing its UK operation, Fairclough Homes, with a possible view to selling it; contractor Kier has bought Lincolnshire-based Ashwood Homes’ £23.5 million landbank, …

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