Bellway has completion boost

A record number of housing completions was delivered by Bellway in the year ending July 31 2019 with 10,892 homes completed, 5.7% rise from 10,307 last year. Pre-tax profit rose 3.4% to £662.6 million from £641.1 million on revenue of £3,213.2 million (2018: £2957.7 million). Operating margins saw a slip to 21% from 22.1%.  Bellway

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Bovis/GT housing merger set to create fourth largest housebuilder

The potential merger of Bovis Homes and Galliford Try’s housebuilding businesses goes through it would create the UK’s fourth largest housebuilder, says Stephen Teagle, chief executive of Galliford Try Partnerships and Regeneration. Speaking to Housebuilder, Teagle said the possible sale of GT’s housebuilding and partnerships and regeneration arms to Bovis would create a “sector leading regeneration

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“Robust” market conditions reported by Berkeley

During the first four month of its new financial year the Berkeley Group has reported “robust” market conditions in London and the south. Issuing a trading update ahead of its Annual General Meeting on September 6th, the business said that during the period May 1st to August 31st, pricing had remained stable, with the group’s

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Record number of completions for Barratt

Barratt has delivered its highest number of completions for 11 years in the 12 months to the end of June with profit before tax expected to be ahead of expectation at around £910 million against £835.5 million last year. Today issuing a trading update for the year, Barratt said it had completed 17,856 homes including

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Affordable homes launched by L&G

Legal & General has launched its first affordable homes under its Affordable Homes division. The first four developments consist of 278 new homes in Croydon, Cornwall, Dunstable and Shrivenham where L&G will deliver social and affordable rental homes, grant-supported shared ownership homes and section 106 schemes. 3,000 affordable homes are planned to be delivered annually

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“Excellent” first half growth for Countryside

Countryside says it has achieved “excellent growth” in its first half, with a 27% rise in revenue to £507 million on a 43% lift in total completions against the equivalent period in 2018. During the 6 months to March 31 2019, the home builder and regeneration partner achieved 2,362 completions in total (combining its Housebuilding

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Redrow a “premium alternative”

Redrow announced its set to launch a national TV advertising campaign, aimed at challenging “outdated perceptions” of its new homes. The housebuilder’s “They Say…” campaign promotes Redrow as a “premium alternative” to second hand homes while aiming to transform existing myths revealed in a Zoopla Smarter Property Solutions Survey. While the survey of 600 adults

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NHBC sees registrations grow

April saw the number of homes registered to be built in the UK rise 21% compared to the year before, according to NHBC’s latest figures. In April, 13,527 new homes were registered. Of these, private sector registrations climbed to 9,972 from 7,427 in April 2018. Seven of the 12 UK regions saw growth during the

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Build to rent for Telford

During the year to March 31 2019, the Telford’s saw a revenue rise of 12% to £354.3 million against the equivalent period last year, with the proportion from build to rent developments at 31% (2018: 21%). In line with a previous announcement, total pre-tax profit fell to £40.1 million from 2018’s £46.0 million, thanks to

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Stable conditions enjoyed by Linden Homes

Issuing a trading update for the period from January 1 to May 20 2019, Galliford Try, the housebuilding, regeneration and construction group said that its housebuilding arm Linden Homes had continued “continues to perform well” and maintained a sales rate of 0.68 since the start of the year; this was a dip on the 0.71 of

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