Kier to pull out of property investment

Kier is pulling-out of property investment to focus on its core infrastructure and construction operations.
The move will see no new investment in new property development from next year.
Kier said the “process will be managed in a controlled way to balance timing and value, with capital to be realised in line with existing development schedules.”The property business generated revenue of £63m in the year to June 30 2026 with construction currently in progress on seven schemes.