<p><span>Stewart Milne Homes is up for sale following its founder and principal shareholder's decision to retire.</span><span></span></p><p><span>Stewart Milne Group is beginning the process of selling its housebuilding arm with the group board deciding to “capitalise on the current strong performance of homes’ sales and favourable market conditions”. Almost 50 years after founding the group, chairman Stewart Milne is planning his retirement following the “unprecedented events of the last two years.”</span><span></span></p><p><span>The group said that to reach its growth ambitions, it would need to invest significantly, particularly in its strategic landbank “to create future high-margin development opportunities”. A sale was the “unanimous conclusion” to exploring options, with Ernst &amp; Young appointed as financial adviser for the process.</span><span></span></p><p><span>Stewart Milne Group is set to report “one of its best ever financial performances” for the year ending October 31 2021. This follows the business posting a pre-tax loss of £71.5 million for the previous financial year as the business was “severely and adversely affected by Covid-19.”</span><span></span></p><p><span>The news comes after the recent sale of the group’s timber system business to the Donaldson Group.</span><span></span></p><p><span>Milne said: “<span>The unprecedented events of the last two years have forced many to re-evaluate and, after considerable soul-searching, I have decided that the time …