Two housebuilders brought under new parent company Untypical

European investment firm Terra Firma has announced it has set up a new parent company for its housebuilders Hopkins Homes and Tilia Homes, as it aims to increase development for the two firms to 2,000 homes a year.

Terra Firma, owned by billionaire investor Guy Hands, said that  under the new parent, which is called Untypical and is registered in Guernsey, the housebuilders will work towards delivering 2,000 homes a year in the short-term and plans to become a “leading UK housebuilder”.

Tilia, previously known as Kier Living, and Suffolk-based Hopkins Homes, will remain as separate consumer brands, but back office functions will be shared.

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Terra Firm bought Tilia Homes in May 2021 and Hopkins Homes eight months later in January 2022.

Hopkins Homes, posted turnover of £143.6m in the nine months to 31 March 2023 and completed 506 homes. While Tilia built 160 over the same period.

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