Gleeson housing completions set to jump by 20%

Aaron Morby 12 months ago
Share

Northern house builder Gleeson is on course to lift annual housing completions by 20% as it opens a wave of new sites.

In a trading statement this morning the firm said demand for homes remained high with the with the forward order book at the end of November up more than 30% on last year.

Ahead of the firm’s agm, chairman, Dermot Gleeson, said: “The division’s increasing number of sales outlets, combined with very strong customer demand in all regions, good mortgage availability and attractive levels of affordability means that the outlook for the division remains very positive.

“The board expects Gleeson Homes to record an increase in completions for the first half year to 31 December 2017 of more than 15% compared with the prior half year total of 451 units; and for the year to 30 June 2018 of approximately 20% compared with the prior year total of 1,013 units.

He added that land remained available at sensible prices and the pipeline remained strong.

“Gleeson Homes has a pipeline of 11,529 plots with a gross development value of £1.4bn, of which 5,582 plots are owned and 5,947 are conditionally purchased.

“The division currently has 58 active sites, compared with 50 at this time last year and we expect the number of active sites to be approaching 70 by June 2018.

Gleeson’s land pipeline currently consists of 63 sites which have the potential to deliver approximately 21,455 plots. The portfolio includes 12 sites with planning permission.

Latest news

Forrest facing D-Day over company’s future

Decision on refinancing plan expected this week
8 hours ago

Multiplex hires Laing O’Rourke commercial leader

Andy Butler joins Multiplex as technical director
7 hours ago

Plans go in for tallest tower in the City of London

"Tulip" next to the Gherkin will let visitors ride down facade in glass gondolas
1 day ago

Byrne Group FD steps down

Daren Harris leaves firm after three years in post
7 hours ago

£160m RAF contract win for Kier and VolkerFitzpatrick

Joint venture to make RAF Lakenheath ready for US Air Force F-35 Fighter Jets
17 hours ago

Balfour Beatty on the hunt for highways subcontractors

Supplier engagement day in Crewe: Register now
23 hours ago

Bid race starts for £435m HS2 Birmingham station

Four firms to be shortlisted to tender project in May
1 day ago

Mears buys Mitie housing upkeep arm for £35m

More than 1,000 Mitie Property Management staff to transfer to Mears
1 day ago

Expanding Weston Homes invests in logistics division

South east house builder on growth push as profits jump over 50% to £35m
1 day ago

Blu-3 bags enabling works for £1.1bn Stratford scheme

Firm to start £5m Stratford Waterfront utility works later this month
1 day ago
blu-3 (UK) Limited

Interserve fined after M&E blunders at animal lab

Court hears how inadequate maintenance posed potential risks from harmful biological agents
1 day ago

Plans in for 42-storey Ilford residential tower

Skanska on board to build landmark tower next to Ilford Crossrail station
1 day ago

Construction’s most considerate companies revealed

Full details now available of latest Considerate Constructors Scheme winners
1 day ago

Green light to redevelop Dragon’s Den into offices

L&G JV backs London warehouse studio redevelopment to offices
1 day ago

Union demands “toilet dignity” for construction workers

Unite threatens to name and shame guilty firms
1 day ago

Winners revealed of £22m fund for on-site training hubs

Full list of 26 winners for new initiative to train on live construction sites
4 days ago

Boost your online presence – join the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
7 months ago

Kier on track with debt reduction efforts

Kier chief says firm is chipping away at £410m debt mountain
4 days ago

Bouygues UK south east chief exits

Darren Gill leaves after 22 years at Bouygues Construction
4 days ago

Wates wins £82m London Haringey tower job

Work starts on developer Anthology's 32-storey Hale Works resi block
4 days ago

B&K tipped for £60m Nottingham HMRC hub

Developers seal forward funding for Unity Square scheme
5 days ago

Regal to build £55m Lords retirement homes block

Over 55s housing scheme will be build next to London cricket ground
5 days ago

Caledonian takes £25m Wembley student pods order

Offsite specialist will deliver 680 bedroom modules for high-rise First Way Campus
5 days ago

Robertson wins pair of Glasgow hotel jobs

Marriott and Moxy hotels to be built next to SSE Hydro venue
5 days ago

Kier raises £24m from Australian road business sell-off

KHSA road assets and management services business offloaded to pay down debt
5 days ago

Wates rejigs construction senior management

Mark Tant promoted to new managing director role at construction division
6 days ago

Stansted Airport expansion wins council approval

Ambitious airport expansion plans scrape through local planning
5 days ago

Robot bricklayer builds house in under three days

Tech company hails a "quantum leap for the construction industry"
5 days ago

Lendlease lands Oxford Street office and retail scheme

Main construction work to start early next year at Oxford House
5 days ago

Green light for 335 PRS flats in Sheffield

Work to start next year on multi-block Sylvester Street scheme
5 days ago

Contractor services