Irish housebuilder launches Lagan Investments with £455m spending power

Peter Lagan Lagan Investments

Irish construction magnate Kevin Lagan has announced plans to launch a new investment business targeting real estate having sold the Lagan Group to Breedon for £455m.

Lagan, who built up the family business founded in 1960 into a major asphalt and concrete production company, said that he intends to use the £455m spending power to “inject capital into diverse sectors including real estate and tourism” as well as support the growth of housebuilder Lagan Homes and modular frame firm LF FastHouse.

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