<p><span>Larkfleet Group’s housebuilding activities are now under new ownership, with owners Karl and Helen Hick selling them to global investment management firm PIMCO as part of the company’s growth plans.</span></p> <p><span>Under the changes, the housebuilding brands Larkfleet Homes and Allison Homes will continue to trade under their names.</span></p> <p><span>The business also said that Larkfleet Group ceo John Anderson and chief financial officer Alastair Gordon-Stewart would remain to lead the business under the new ownership.</span></p> <p><span>“PIMCO will back the existing management team with significant investment to help deliver the business’s ambitious strategy to deliver over 2,000 homes a year within the next five years, maintaining a focus on the delivery of high-quality developments using innovative technology and construction methods,” Larkfleet stated.</span></p> <p><span>The group added that PIMCO’s decision to purchase the housebuilding arm reflected the heritage of the brand that its owners had developed over 20 years, “creating the platform for significant further growth, and the strength and experience of the senior management team”. </span></p> <p><span>Karl Hick will remain as an adviser to the new company to aid the transition, also retaining a financial interest in major existing housing projects. Both he and Helen Hick will retain all the non-housebuilding interests of …