Housebuilder backed in £210m deal

Confidence in the housebuilding sector has received a further boost following a deal worth £210 million for Edinburgh-based firm CALA.

The business, which builds around 875 homes a year with an average selling price of £340,000, has been sold by Lloyds Banking Group to insurer Legal & General and private equity firm Patron.%VIRTUAL-SkimlinksPromo%