Edinburgh-based Cala is a housebuilder that mainly operates at the premium end of the market, with homes last year costing £538,000 on average. In 2013, Legal & General and Patron Capital acquired a majority stake, valuing the group at £210m. Chief executive Alan Brown, 57, has set a sales target of £1bn by 2020. The group is reportedly up for sale, priced at £700m.
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