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.co.uk |
Cala Group (Holdings) Limited[1] is a British housebuilding company headquartered in Staines-upon-Thames, England.[2]
History
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 the Bank of Scotland held a majority stake in the company,[3] until Legal & General and Patron Capital each 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] Six years later, in March 2024, L&G was reported to be looking to sell Cala Homes, with Rothschild & Co appointed to handle a sale valued at around £750m. In its 2022 accounts, Cala reported it sold 3,000 homes and employed 1,300 staff.[7][8]
Kevin Whitaker is the group chief executive. He was previously one of two regional chairs, and managing director of the Cala Homes East division.[9]
References
- ^ "CALA GROUP (HOLDINGS) LIMITED overview - Find and update company information - GOV.UK". Companies House. Retrieved 3 August 2023.
- ^ "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 from the original on 20 November 2018. Retrieved 2 December 2017.
- ^ Mackie, Gareth (18 March 2013). "Cala set for new lease of life after takeover deal". The Scotsman. Retrieved 2 December 2017.
- ^ Jeff, Dominic (21 October 2014). "'It's been a really good year' says Cala boss". The Scotsman. Retrieved 2 December 2017.
- ^ "Legal & General Capital acquires full ownership of Cala Homes". Legal & General. Retrieved 6 March 2019.
- ^ Kleinman, Mark (18 March 2024). "Legal & General lines up bankers to sell housebuilder Cala". Sky News. Retrieved 26 March 2024.
- ^ Morby, Aaron (25 March 2024). "L&G looks to sell Cala Homes in exit from house building". Construction Enquirer. Retrieved 26 March 2024.
- ^ "Cala builds strong foundations as new chief is unveiled". Retrieved 3 August 2018.
External links
- CALA Homes official website
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