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Swan Hill

Swan Hill, the builder of luxury homes, has received a £47m takeover approach from a bid vehicle called Raven Mount.

Swan Hill is to sell Carter Commercial Developments, which specialises in obtaining planning consent for food retail developments, to management in a £8m deal, and the proceeds will be invested in its housing division.

Swan Hill has announced that it expects at least 400 jobs to be created when the £60m shopping village opens at Whiteley near Fareham in the autumn, and it will include 50 shops.

Swan Hill has won approval to build the £40m Wellington Square retail scheme in Stockton, which will create 43 shop units and more than 400 jobs.

Swan Hill is planning a £40m retail development in Stockton that will include 42 shops and create more than 400 jobs.