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Also, the sale of Kier Living (the residential arm of Kier) looks imminent. The KL division has had its loan capital transferred back to the Kier parent company and its ownership structure formalised in terms of defined shares which value the business at £163m. Also there is widespread press reporting on KL's recent winning of a huge residential development and the fact that work is expected to start this month. The Cardiff development is a high value area; 270 houses approved for building. A great start to the year for 2020 for KL and a guarantee for any KL buyer that the business hits the ground running this year for new production.
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