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Legal & General aquires remaining stake in Cala Homes

On Tuesday 13th March Legal & General acquired the 52% of Cala it did not own.

L&G Capital’s CEO Kerrigan Procter said: “Legal & General is delighted to assume full ownership of CALA Homes, a growing business which we know and understand well. It has a strong management team with proven experience of managing a housebuilding business across business cycles, and has delivered great returns for shareholders since its acquisition in 2013″.

Cala’s CEO Alan Brown said the deal “marks the start of another exciting new chapter”.