DAIWA HOUSE INDUSTRY CO.,LTD. has signed an agreement to acquire approximately 30% of the shares of Miller Homes’ holding company through its UK subsidiary. The transaction is scheduled to close in December and will mark its first entry into the UK detached-home market.
On 17 September, DAIWA HOUSE INDUSTRY CO.,LTD. signed an agreement to acquire approximately 30% of the issued shares of Miller Homes’ holding company through its UK subsidiary. The acquisition is scheduled to close in December and will mark its first entry into the UK detached-home market.
Miller Homes, established in 1934, develops and sells detached homes, primarily operating in England and Scotland. The company is reportedly highly regarded, having received the highest “5-star” rating in 14 of the past 15 customer satisfaction surveys conducted by the Home Builders Federation.
Although the article does not provide details of the background to the acquisition or the specific transaction terms, the partnership appears intended to expand the Group’s business operations in the European market.