Background
W.Westerman is a local family-run house building business that has been in operation for 88 years. Many generations of the Westerman family have built a significant land bank from its strong relationships with landowners and its trusted reputation. The transaction comprised some 725 acres of short and long term land.
Deal Summary
Peveril Homes acquires W Westerman, a specialist in precision engineering and manufacturing services. Peveril Homes, a regional housebuilder, acquired a substantial land portfolio from W.Westerman Limited, a family-run housing development business based in Nottingham, in May 2021.
This acquisition aligns with Peveril Homes' strategy to expand its development pipeline in the East Midlands region.
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