Miller Homes in £215m deal to buys St Modwen Homes

Edinburgh-headquartered Miller Homes has acquired West Midlands-based St Modwen Homes. for £215 million

The deal sees Miller Homes acquire 19 live sites, totalling around 3,500 plots for new homes, and a further five strategic sites, growing its business in the West Midlands, East Midlands and South regions and entering the South West for the first time. 

The acquisition is part of Miller Homes’ growth strategy and is significant in helping it meet its medium-term ambition of reaching 6,000 homes a year. It will continue to operate the business under the St. Modwen Homes brand, and it will establish a new regional office in the South West of England.

Miller Homes CEO, Stewart Lynes, said: “Across the UK, people need high-quality, sustainable homes. We are committed to growth and playing an important part in addressing the housing shortage. We were attracted to the quality and location of St. Modwen Homes’ land, helping us grow and expand to new areas.

“Through operating St. Modwen Homes under its brand, we can continue to deliver choice to the market, while maintaining our commitments to quality, sustainability and the customer experience.”

Both businesses have a five-star builder status. The deal is subject to regulatory approval and is expected to close in the first quarter of this year.