Scottish house-builder Cala has grown its land bank fivefold since it was taken private eight years ago in a £100m management buyout backed by Bank of Scotland. Today its residential development plots are worth a cool £2.2 billion. The company, established in 1875 as the City of Aberdeen Land Association, now comprises three businesses: Cala Homes, Cala Finance and Cala Properties. Rising house prices and an increase in units sold helped the company post sales of £213.4m in 2006 under executive chairman Geoff Ball.
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