{
  "id": 7972159,
  "title": "Daiwa House acquires 30% stake in UK’s Miller Homes",
  "url": "https://urgent.news/2026/09/17/daiwa-house-acquires-30-stake-in-uks-miller-homes",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T07:04:35.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/daiwa-house-acquires-30-stake-in-uks-miller-homes-93CH-4904898"
  },
  "original_language": "en",
  "account": "In a deal announced on Monday, Apollo Global Management's managed funds agreed to sell roughly 30% of its stake in UK housebuilder Miller Homes to Daiwa House, according to a press release. Apollo will continue to maintain controlling ownership of the company. Miller Homes, founded in 1934, constructs around 5,000 homes each year in England, Scotland, and Wales. Apollo took over the company in 2022. Daiwa House, Japan's real estate giant established in 1955, will take a minority position in the business. Specific financial details of the transaction were not disclosed. The deal requires regulatory approvals and is anticipated to be finalized later this year. Miller Homes aims to deliver 7,000 new homes annually. Upon Apollo's ownership, the firm integrated St. Modwen Homes. Daiwa House Group operates in 28 countries and regions with approximately 55,000 employees and assets worth over $50 billion. The company offers real estate services such as single-family houses, rental housing, condominiums, commercial facilities, and logistics facilities. Miller Homes' CEO, Stewart Lynes, described the transaction as a significant milestone. Daiwa House's Keiichi Yoshii noted the company's strong brand and experienced management team. Financial advisory for the transaction was provided by Rothschild & Co, while legal counsel came from A&O Shearman. Paul, Weiss, Rifkind, Wharton & Garrison LLP assisted on regulatory and financing matters. As of June 30, 2026, Apollo had around $1.05 trillion in assets under management.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}