Asahi Kasei Homes, the owner of NSW’s biggest home builder, will expand into land development in coming years to secure the supply of new greenfields land and keep Newcastle-based NEX Building Group expanding.
NEX director Koji Naganawa – the board representative of majority owner AKH, which also owns Brighton Homes in Queensland, builder Weeks in SA and Wilson Homes in Tasmania – said the company wanted to expand into land development by itself, but would enter joint ventures if necessary.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
