Carlyle Group will take control of Fairfield Partnership

first_imgSunday 12 December 2010 10:46 pm whatsapp whatsapp Carlyle Group will take control of Fairfield Partnership Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFactableThis Is What Historical Figures May Have Really Looked LikeFactableMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryDefinitionTime Was Not Kind To These 28 CelebritiesDefinitionHealth Gut BoostRandy Jackson: This 3 Minute Routine Transformed My HealthHealth Gut BoostZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity WeekNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyNewArenaRanked: The Most Miserable Cities In AmericaNewArena CARLYLE Group plans to take a controlling stake in Fairfield Partnership, the regional housing developer that owns more than 1,000 sites in Cambridgeshire and Hertfordshire.The US private equity giant will pay an initial £17m, rising to £40m after an agreed investment of capital.It will buy the stake from Fairview New Homes, which jointly owns the firm with Marchfield Developments.Marchfield will retain a 20 per cent stake in the firm.Carlyle Group declined to comment last night. Fairfield Partnership were unavailable for comment. Fairfield works with landowners to develop greenfield and brownfield sites, either leasing or buying the land and promoting it for sale.The acquisition will be seen as a positive reflection on the state of the UK housing market just days after it recorded its first annual decline in a year.The three months to November, fell 0.7 per cent compared with a year ago – the first decline on this measure since November 2009.That compared with gains of 1.8 per cent on the month and a three-month annual rise of 1.2 per cent in October.Analysts say the figures reinforce the view that house prices will remain soft in 2011. center_img KCS-content Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Tags: NULLlast_img

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