Burrington Estates Midlands to be headed by Former Spitfire MD
David Jervis, former boss of Spitfire Bespoke Homes, has been appointed to head Exeter-based Burrington Estates’ new Midlands division.
Jervis, a former chartered surveyor and now MD of Burrington Estates Midlands, has built a track record of establishing housebuilding ventures in the Midlands, setting up Spitfire in 2010 as the residential arm of IM Properties. Within seven years, the business had a turnover of £100 million. In 1995, he started Chase Homes on behalf of a Midlands entrepreneur.
Burrington Estates was founded in 2013 by Mark Edworthy and Paul Scantlebury. During the past five years it has completed more than 400 homes in the South West, with a portfolio of sites carrying a GDV of £300 million and the business achieving a turnover in 2020 of £70 million. It aims to deliver 600 homes per annum by 2025, trebling turnover in the next five years.
To support its intended growth, the residential and commercial developer recently received a £15.5 million investment from independent investment company BGF. Of the new funding, £13.5 million is assigned to the expansion of the new homes business. The remaining £2 million will be used for commercial property projects.
Burrington’s housebuilding business is now expanding into the Midlands and central England, having secured land in Oxfordshire, Warwickshire and Berkshire for sites that it said would generate £100 million in turnover.
Jervis said: “This is an exciting time for Burrington Estates and I am delighted to be part of it – we are in a strong position to drive forward our growth plans thanks to the backing of the BGF investment.
“This also dovetails with the opportunity in the market to deliver sites that are characterised by good design and attention to specification and detail, as well as excellent standards of customer service. We are now actively looking for land opportunities across the Midlands and surroundings, down as far as the northern Home Counties, and we are already building up a strong pipeline of sites across the new region.”