Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Berkeley says planning still holding back house building

  • Comment

Housebuilder Berkeley Group added three new sites to its land bank and contracts to buy two more between May and August.

In a statement released to the AJ’s sister publication Construction News ahead of its annual general meeting today, the group said it had acquired a 4 ha redevelopment in White City, a site in Battersea with planning permission for 456 flats and a scheme in West Sussex with consent for 69 homes.

It is also set to buy two sites in Southall and Hornsey.

However the housebuilder said planning delays remained a hurdle to substantially increasing the supply of new homes despite the introduction of the presumption in favour of granting planning permission to ‘sustainable development’.

The group expected the gross margin on its land bank would be £3 billion by the end of the financial year.

It sold 534 rented homes to investor M&G for £105.4million in June.

Additionally deputy chief executive of The Bank of East Asia Limited, Adrian Li, joined the board as a non-executive director replacing Alan Coppin who has been on the board since 2006 and is also a board member at paving maker Marshalls plc.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

AJ Jobs