Barratt deal would not have been necessary if not for ‘dire’ housing market, says Redrow founder

By Daniel Gayne2024-02-14T13:10:00

Steve Morgan adds planning system and lack of land is hindering organic growth

The founder and former chief of Redrow says last week’s £2.5bn merger with Barratt would not have been necessary in a healthier housing market.

Steve Morgan, who founded the business in 1974 and remains a shareholder, was involved in the early stages of the deal, which saw the UK’s biggest housebuilder acquire Redrow’s entire share capital.

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