Cumbrian housebuilder Genesis Homes has bought Russell Armer Homes, a Kendal-headquartered housing developer.
The deal, for an undisclosed sum, will strengthen Penrith-based Genesis’ strategy of expansion into South Lakeland and North Lancashire, the company said.
Nicky Gordon, managing director of Genesis, said: “Genesis is a business which continues to grow with its sights set on delivery regionally across Cumbria and Lancashire and this acquisition provides that platform for delivery.”
Law firm Baines Wilson advised on the deal. Andrew Hill, head of corporate and commercial at the firm, described the deal as a “testament” to Genesis’ “identity as a leading property developer in the region”.
Genesis has this year announced the start of work on an 81-home scheme in Stainburn near Workington, its eighth scheme in Cumbria, while this year has also seen Eden Council approve a smaller scheme in Calthwaite. The company’s flagship scheme in Rheda Park was launched last year.
Russell Armer’s projects include Oakfield Park, a two-phase development in Kirkby Lonsdale, and Meadow Rigg, which will bring 160 homes to a site near the Carus Green golf club on the outskirts of Kendal.