Miller Homes Plans £450m Flotation On London Stock Exchange

Miller Homes is planning a £450 million flotation on the London Stock Exchange next month. This means that 40% of the group will be offered to investors.

In July the firm sold off its construction division, however the offer is expected to raise around £140 million.

Chris Endsor, Chief Executive officer of Miller Homes, said: "Our distinctive focus and deep knowledge of the regions in which we operate, together with our large and well-located strategic land bank, position Miller Homes to drive strong and sustainable growth and to benefit from the continued recovery in these regional markets.


"It is an excellent time to be operating in the house building sector, with demand for new housing continuing to grow supported by improving macroeconomic conditions and mortgage market and a more favourable planning environment.

"We are proud of what we have achieved so far and look forward to developing our business and creating value for our new stakeholders as a publicly listed company."

(CD/MH)