Published: 18th Jun 2019

One of the largest outsourcing firms in the country – the Kier Group – has announced plans to sell off its house-building business as it seeks to save £55m a year by 2021. The firm announced yesterday (17 June) it is putting Kier Living, which specialises in affordable housing, up for sale because it has ‘limited operational synergies with other parts of the group’. In a statement issued to the city, the group states it has received a number of ‘inbound expressions of interest’ in the business, which operates a number of joint ventures across the country. The statement adds that last year, Kier Living completed more than 2,000 units and as of 31 December 2018 had 4,739 plots. The Kier Group has a number of local government contracts spread across a wide range of difference services. The statement also reveals that the board of the Kier Group also plans … (To read the full article, subscribe below)