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Wed November 20 2024

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Allenbuild takeover completes

2 Feb 16 Places for People Group has completed its £2.75m acquisition of Allenbuild from Renew by paying the second of two planned instalments.

Places for People bought an initial 50% of Allenbuild for 拢1.375m in November 2014. It was always part of the deal that it would buy the other half of the business once 10 outstanding contracts had reached practical completion. This point has now been reached and the second instalment paid.

Allenbuild was the new-build affordable housing part of Renew鈥檚 Specialist Building business.

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