Future publishes over 50 magazines in fields such as video games, technology, films, music, photography and knowledge and will add home building brands to this roster should the purchase go through.
Zillah Byng-Thorne, CEO of Future, commented: "Centaur's Home Interest division will significantly add to our scale and momentum, while further diversifying our revenue streams, as we continue to build a global platform business for specialist media with data at its heart.
"The Home Interest division brings a strong management team and market leading access to an attractive new vertical with clear growth potential. Home Interest's brands, market position, industry leading events and quality content are a strong fit and will further reinforce our position as a trusted destination for consumers and for our customers.
"We have a track record in profitably integrating acquisitions and we expect the acquisition of Centaur's Home Interest division to be materially earnings enhancing in the first full year of ownership."
Last year Future bought rival publisher Imagine for £14.2m, bringing 19 titles into its fold, taking its total estate to over 100 titles including T3, Total Film and Edge with a global circulation of 1.2m.