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Cala Group has acquired Banner Homes, the Buckinghamshire-based luxury housebuilder, for an estimated £200m.
Cala is looking to double the size of its Edinburgh-based housebuilding business by 2017, including an increased presence in southern England.
Cala Group, the Edinburgh-based housebuilder, has been acquired by Patron and Legal & General in a deal worth £210m.
Cala is to expand its housebuilding activities in England through a £50m joint venture with Bank of Scotland, which will enable it to bid for larger plots of land.
Cala, the housebuilding and property group, is to be sold to a management buy-out for £95m, as Miller Group has now withdrawn from the bidding.
Cala has acquired Victor Homes, the Yorkshire-based housebuilder, for an initial £2.8m, thereby expanding its coverage into the north of England.