Untypical
Following a failed rights issue during late 2018, financially troubled Kier Group began an extensive restructuring, debt reduction, cost-cutting and disposals programme in 2019; after the firm received significant interest in its housing division Kier Living, it opted to start the sale process.Kier Living was bought by a new company owned by Hands, and was rebranded as Tilia Homes in May 2021.It built 1,450 homes across its central, eastern, northern and western regions in the year to June 2021.Months later, Terra Firma planned to acquire another house builder, Hopkins Homes, which it had been rumoured to have valued at around £300 million.During late 2021 and early 2022, various changes amongst Tilia Homes' senior management were made, including the appointment of Andrew Hammond as divisional managing director and the departure of chief operating officer Mike Coker after less than a year with the firm.
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