Housing association L&Q is closing in on a deal to buy private land business Gallagher Estates.
Gallagher Estates is valued at more than £500m and the acquisition would give L&Q 42,500 plots for new homes.
The businesses is the portfolio of property developer Tony Gallagher. Its strategy is to buy land, secure planning permission and promote sites to enable others to build. Its current pipeline is 42,500 mainly in the South and the south Midlands.
