Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Kier buys

NEWS IN BRIEF

Kier Group has bought regional house builder Hugh Bourn Developments (Wragby) Ltd for £53.3 million. Kier will pay £20 million immediately and the balance in equal instalments on July 2 2007 and July 1 2008. Hugh Bourn has operated in Lincolnshire for over 30 years. It posted a pre-tax £4.2 million profit and gross assets of £29.9 million for the year ended March 31.