China’s second-largest property developer, Evergrande Group, is in talks to buy the UK housebuilder Cala Homes in what would be the first Chinese venture into the UK’s large-scale housebuilding sector.
A sale would offer a potential exit for Cala’s investors, the insurer Legal & General and the real estate specialists Patron Capital, which bought the company in 2013 from Lloyds Banking Group.
But people close to the talks stressed that they were “preliminary” in nature and that no deal was guaranteed.
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