Miller Homes buys strategic land business

Miller Homes has acquired strategic land company Wallace Land Investments, in a bid to expand its landbank to deliver 5,000 homes per annum. The acquisition provides 41 sites and 17,500 homes to Miller’s portfolio. The group now has 119 sites and circa 38,000 plots. Wallace was founded in 2009 in Edinburgh and has a substantial land holding in the North West, West Midlands and the South. As part of the acquisition, Wallace’s team will join Miller Homes and support the strategic land division. Stewart Lynes, chief operating officer at Miller Homes, (pictured) said: “Land is the lifeblood of our business, and this acquisition almost doubles the size of our high-quality strategic landbank and brings to our business a well-located landbank with strong planning prospects.” Jason Wallace, owner of Wallace, said: “Over the past 12 years, we have created a highly successful business with a team of exceptional people and one which has been founded on delivering a truly personal service to all we work with.”   To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews Photo from Miller Homes