LONDON, UK: Elivia Homes announced the acquisition of Millwood Designer Homes from Places for People Group.
The deal will see Elivia expand into East Sussex and Kent with Millwood Designer Homes becoming its third region which, over time, will rebrand to Elivia Homes.
Elivia Homes launched its new brand identity and corporate strategy in April 2022, setting out plans to double in size by 2027 to a £250m turnover business, delivering over 600 design-led and sustainable homes per year in aspirational locations across the South East.
In May 2022, the business was acquired by funds advised by Octopus Investments providing the company with significant growth funding.
In little over six months, the Group’s Executive Team have raised further acquisition capital through funds advised by Octopus Investments, demonstrating the confidence and long-term commitment of Elivia’s shareholders.
Millwood Designer Homes is an award-winning regional homebuilder which builds c.100 homes per year. Founded in 1992, it has earned a reputation for individually-designed character homes which are in keeping with the natural surroundings of their village, town and waterside locations.
Places for People Group is UK’s leading social enterprise. The disposal of Millwood Designer Homes forms part of Places for People’s strategy to focus on its core purpose of building and supporting thriving communities, an element of which will be delivered through the construction of much-needed new affordable housing.
Elivia Homes represents the coming together of two regional, award-winning businesses, formerly known as Vanderbilt Homes and Crayfern Homes.
Vanderbilt Homes was founded in 2004 and now operates as the Central region, while Crayfern Homes was founded in 1992 and operates as the Southern region. Together, Elivia Homes is committed to delivering sustainable growth and maintaining a proud reputation as one of the most trusted and admired housebuilders across the South East.
