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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe and Jack Simpson

UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn

Barratt Redrow United Kingdom Steve Morgan Vistry Group
Builders work at a Barratt housing development in 2020
Barratt completed 17,200 homes last year, posting profits of £705m on turnover of more than £5.3bn. Photograph: Peter Nicholls/Reuters

The UK’s biggest housebuilder, Barratt, has struck a deal to buy its smaller rival Redrow for more than £2.5bn.

The two companies have reached an agreement over an all-share offer from Barratt, which will cement its position as the country’s largest housebuilder.

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