Highcross has bought residential property developer Kenmore Homes for an estimated £20m. Sunday Times
The property fund, which is headed by managing director Peter Gubb and bought Bizspace off the stock market, has bought Kenmore from the Kenmore Property Group, which is controlled by Scottish tycoon John Kennedy.
Kenmore Homes is run by Charles Wilkinson and Drew Reid, who are both expected to remain with the business.
The company has about 3,000 under development across England and Scotland and also joint ventures with partners, including AIG.