Edinburgh's Miller Homes has been acquired by American capital fund, Apollo.

The acquisition follows Miller Homes securing the purchase of land to deliver almost 530 new homes across East Scotland.

Miller Homes also recently completed it's own acquisition of Wallace Land Investments and Management.

Chris Endsor, chief executive officer of Miller Homes, said: "This is an exciting development for Miller Homes in continuing our recent strong momentum. Apollo has deep housing expertise, with a global platform, extensive resources and capital to create value for all stakeholders.

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Alex Humphreys, partner at Apollo, said: "We are delighted that the Apollo Funds are acquiring Miller Homes. The company's reputation for exceptional customer service and high-quality homes has differentiated it as a respected leading homebuilder. Miller Homes has a strong presence in suburban locations that continue to see strong consumer demand, and we look forward to working alongside the talented management team to execute on their growth strategy."

Financial terms of the deal have not been disclosed but it is expected to complete in the first quarter of 2022.