A brief statement on the Skanska website said: “Homes by Skanska is now part of Skanska UK, solidifying its position as a key part of Skanska’s UK business.
“The move reflects the company’s confidence in the UK housing market and confirms its ongoing investment in this market.
“The change will help us be more efficient, as we continue to build award-winning, sustainable homes.”
The property arm has gained planning for a 143-home scheme in Cheltenham after its two trial schemes in Cambridge.