PGIM Acquires Chartway Group Amid Housebuilder's £26.6m Loss
1 report, 1 independent
Updated Mon 00:00
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What happened
PGIM acquired Chartway Group on October 12, 2026. Chartway Group, a Kent-based housebuilder, reported a pre-tax loss of £26.6m for the 18-month period ending November 30, 2025, citing ongoing market pressures. The group's turnover reached £117.7m during this period, compared with £101.4m in the previous year.
From propertyweek.com
Why it matters
The acquisition occurred after Chartway Group extended its financial year end to align with revised financing and a change in ownership. The reported losses and £14.5m in exceptional costs, including £1.5m in restructuring costs, highlight current market pressures within the housebuilding sector.
From propertyweek.com
Who's involved
- PGIMAmerican investment management firm that acquired Chartway Group
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The entities involved
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PGIM
American Investment Management firm