Negotiating New Build / Barrett - Redrow Merger

SPWaller

Hi all,

Just read the news about the £2.5billion Barrett merger with Redrow and was wondering how this will affect things for new customers looking to buy with them.

Any thoughts most 

mark_cycling00

I doubt it myself.

It's never a merger. Barratt agreed a valuation of redrow yesterday (or earlier) and are buying it up 

If anything redrow might be relieved that they've been bought. A few weeks ago there might have been pressure to hit certain sales targets to make the company more valuable for the current owners.

A bit of that went on when I worked at companies being brought 

TheJP

I don't see how the merger would give you more to negotiate with, Barrett are the biggest house developer in the UK so i don't see anything affecting your built. Your house may even be completed before the merger even takes place.

Albermarle

TheJP said:

I don't see how the merger would give you more to negotiate with, Barrett are the biggest house developer in the UK so i don't see anything affecting your built. Your house may even be completed before the merger even takes place.

Yes, mergers sometimes even fall through, and even when they go ahead often they remain two separate legal entities with their own identity. It takes years to fully merge big companies.

user1977

Why do you think the merger might be relevant to your purchase?

Emmia

I was wondering if this might get referred to the CMA - two big builders, which combined must represent a good chunk of the house building industry.