StockMarketWire.com - Property developer Henry Boot said its construction unit had acquired a majority shareholding in housing contractor Starfish Commercial, for a nominal sum.

Based in Derbyshire, Starfish Commercial supplied services to several British housing associations and local authorities.

Henry Boot said Starfish Commercial had been delivering affordable and social housing units for the last four years, often via framework arrangements 'We believe we can help Starfish grow and continue to deliver high quality housing for both its existing clients and for new partners,' Henry Boot commerical's managing director Simon Carr said.

'Further, we also believe this acquisition will provide a presence in a very exciting and growing market that is an excellent fit for us.'


At 1:41pm: [LON:BOOT] Henry Boot PLC share price was -0.5p at 236p



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