Berkeley Group signs up Olympic boss

Aaron Morby 12 years ago
Share

South East housing developer Berkeley group has appointed Olympic boss John Armitt to be its next deputy chaiman.

Armitt will first become a senior independent director before taking over as deputy chairman at the next annual general meeting.

Berkeley chairman Tony Pidgley revealed the move as he unveiled another sparkling set of half-year pretax profits, up two thirds to top £101m once again.

Turnover rose 20% to £405m as the house building business pushed ahead with several landmark housing projects.

Pidgley said Berkeley was bringing three large scale urban regeneration schemes in London to the market – Riverlight in Battersea, One Tower Bridge and Kew Bridge.

He said the speed with which these sites would be developed would be driven by the strength of market demand.

In the first half, Berkeley acquired 1,271 plots on eight sites.

In London, this included a commercial property in EC1 which has a planning consent for 700 homes, 46 homes on Albert Embankment and One Blackfriars,  which has an established consent for a 52 storey development.

The other five sites are residential housing schemes which have been acquired in locations outside Greater London and across the South East.

In most cases, these sites were acquired with a planning consent or have been acquired conditional upon a planning consent being obtained.

Berkeley obtained planning consents on 14 schemes in the first half totalling in excess of 2,000 plots.

Notably, these included consents for 744 new homes at Fulham Reach and 249 new homes at Carnwath Road, Fulham.

Berkeley is currently developing four student schemes for delivery over the next two years, all of which have planning.  These include schemes for Oxford Brookes University, the University of Kent, Imperial College and the University of the Arts in London.

Pidgley said: “The Localism Agenda and the Government’s Plan for Growth represent the most significant changes to the housing industry for a generation.

“When implemented effectively, I believe Localism will achieve housing and economic growth at the same time as ensuring powerful local engagement, decision making and benefits for local communities.

But he warned: “The challenge for Government policy at both national and local level is to reduce the burden of unnecessary red tape, regulation and bureaucracy which acts as a barrier to more housing by slowing delivery, in some cases by more than a year, following a resolution to grant planning.

“Without addressing this issue, I fear planning on a large scale will become the sole preserve of the strongest and most financially secure developers which will be detrimental to the desire to increase supply and competition to stimulate economic growth.”

Latest news

Willmott Dixon set for Manchester science park job

Contractor understood to be in final stages of talks to land £75m Greenheys building
1 day ago

Stewart Milne went down owing supply chain £153m

So far 1,375 firms have come forward with unpaid bills
2 days ago

Didcot disaster investigation enters its ninth year

Still no answers for families of quartet killed in demolition collapse
1 day ago

Mount Anvil wins £275m Westminster estate renewal

First phase of Church Street area regeneration will deliver 400 new homes and a library
2 days ago

Trio of A47 road upgrades to go-ahead as legal challenge fails

20-month delay adds tens of millions to dualling costs
2 days ago

Skanska and Morgan Sindall win £277m duo of Cambridge jobs

Railpen awards £200m Botanic Place and £77m Devonshire Gardens office jobs
2 days ago

Offsite specialist Merit sees profits grow

Contractor sees further growth in turnover and profits
1 day ago

Morgan Sindall delivers another record year of profit

Revenue tops £4bn as pre-tax profit soars 70% to £144m
2 days ago

Galliford Try nets two pipelines and road job worth £98m

Firm wins £64m of Thames Water pipelines and Halifax road improvements
1 day ago

HS2 viaduct blunder over wonky concrete segments

Align JV now drilling out concrete joint as part of week-long remedial work
3 days ago

City of London hots up as 9m sq ft under construction

Investors return to City as "10 Cheesgraters" of floorspace under construction
3 days ago

Four arrested in £140m property fraud probe

Serious Fraud Office investigating collapse of property developer Signature Group
3 days ago

McLaren gets green light for 31-storey student tower

Revamp of historic Birmingham site will provide 759 student beds and 189 apartments
2 days ago

BT Tower to become hotel

New owner MCR Hotels to transform iconic building
2 days ago

Plans in for first phase of £1.7bn ID Manchester

Plan to reinvent 1960s Renold Building as a new innovation hub
2 days ago

London £3bn housing framework out to tender

SMEs allocated slots on London Construction Programme housing framework refresh
3 days ago

BAM wins first major RAAC school rebuild

Contractor seals £46m deal for St Leonards school in Durham
3 days ago

Failed strip out specialist owes £1.5m to supply chain

More than 100 subcontractors and suppliers left with unpaid bills by Type Ten Limited
3 days ago

Councils to turn screw on building owners over fire safety upgrades

Government tells councils to step up legal action against rogue building owners
3 days ago

Green light for £300m Fenland energy from waste scheme

Wisbech incinerator will generate 50MW from half a million tonnes of waste
4 days ago

Multiplex starts on 50-storey Thames tower

Developer green lights construction of latest phase of £3bn Bankside Yards scheme
4 days ago

McLaren lodges fresh Reading Broad Street Mall plan

Town centre scheme will deliver 600 homes in four towers
4 days ago

Beard bags £24.5m Bristol office revamp

Construction to start in April
3 days ago

SMEs star in £3.2bn social housing upkeep deal

Around 85% of Efficiency North's framework winners are local firms
4 days ago

Scottish NHS new building projects delayed for two years

Spending clampdown hits over a dozen planned projects
4 days ago

Balfour M25 workers hold strike ballot

Motorway maintenance crews unhappy with 3.4% pay rise offer
4 days ago

Rainsford Contracts acquires M&E specialist

Expanded contractor will have turnover of £45m
4 days ago

Statom expands with launch of Northern HQ

RC frames specialist now targeting jobs in Scotland and north of England
5 days ago

High Court dismisses Stonehenge tunnel challenge

Judge quashes legal challenge against Government consent for £1.7bn job
5 days ago

£1.5bn Teesside carbon capture scheme consented

Final investment decision expected this year for construction start
5 days ago

Contractor services