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The UK property market has been firing on all cylinders, thanks to low mortgage rates, the stamp duty holiday and savings accumulated in the pandemic. Many buyers have also made the decision to move out of major cities.
HOME BUILDER SOLD
Keepmoat Homes has been snapped up by a private equity company, dashing hopes that the housebuilder could have listed on the London Stock Exchange. Private equity firm Aermont Capital has bought the Doncaster affordable homes builder for £700m, according to Sky News. Keepmoat, the UK’s seventh-biggest housebuilder, was tipped for a flotation but Aermont saw off bids from Apollo Global Management, Patron Capital and Guy Hands’s Terra Firma Capital Partners to secure the deal. The company was bought by Sun Capital and TDR Capital in 2014 from Lloyds.
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