Sumitomo to Aquire 51% of Scott Park Group

Sumitomo to Aquire 51% of Scott Park Group

10 Jan 2020 -- Posted by : Tristan_Kirkham

Sumitomo Forestry Co Ltd has entered into an agreement to acquire 51% stake in the Scott Park Group Pty Ltd.
The Scott park group has many home building brands under its umbrella like Redink Homes, 101 Residential, B1 Homes.

The group also has Lets Finance SP ceilings & Insulation, Glass Co Metro and SPG site services.
Redink Homes  has offices in Perth and operates Mid West and the South West.

The Scott Park Group Builds approximately 600 homes per year.

 

Sumitomo Forestry operates a housing business in the east coast of Australia, they have home building companies Henley Properties Group and Wisdom Properties Group.
This latest’s acquisition of the Scott park group now gives Sumitomo Forestry Co close to 3000 new homes builds a year.

 

Sumitomo USA has home builders like Bloomfield Homes, Gehan Homes, MainVue homes, Dan Ryan Homes, Edge Homes, just to name a few.

On its current form would Sumitomo Forestry Co would be the second or third biggest home builders in Australia.

This combined with the US homes builders pushes this annual number to close to 10,000 homes per year.


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