Berkeley Group signs up Olympic boss

Aaron Morby 11 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

Hunt quashes reports HS2 will stop at Old Oak Common

Chancellor says no "conceivable circumstance" where HS2 would not terminate in Central London
19 hours ago

Firms readied for raft of net zero and building safety frameworks

Procurement specialist LHC to tender five mission zero retrofit and building compliance deals
2 days ago

Plans in for two Derby city centre schemes of 1300 homes

Eagle Quarter and Bradshaw Way schemes to breathe life into Derbion centre area
2 days ago

United Living names new infrastructure services MD

Former SSE Contracting operations director John Farrell joins multi-service contractor
2 days ago

Sunak promises Bill to build £100m Holocaust Memorial

Holocaust Memorial Bill will update historic legislation allow the building of a new memorial in London
2 days ago

Mace Interiors to transform Hanover Square office block

Refurbishment work to start this year on major revamp of Mayfair building
3 days ago

Garden village in Darlington gets £43m infrastructure cash

Transport and highways work will pave way for 2,000 new homes
3 days ago

Plans in for Lendlease £1.9bn Birmingham Smithfield scheme

Ambitious plans for City's old market area advance with enabling works hoped to start this year
3 days ago

TClarke on track for £500m turnover this year

Building services specialist sees 2022 revenue and profit up by around a third
3 days ago

McAlpine tenders M&E work at £340m Museum of London job

Demolition and first MEPH work packages come out to bid
3 days ago

BAM signs off on £65m Manchester First Street office job

Briggs & Forrester lined up for MEP package
3 days ago

Eurocell gets £1m insurance payout after cyber attack

UPVC giant details cost-cutting round as market weakens
3 days ago

Mace on board for £440m Manchester Airport upgrade

Green light for second phase of airport transformation programme
4 days ago

Inland Homes losses now set to hit £91m

House builder sells land as construction problems and slower sales wreck balance sheet
4 days ago

Plans in for Stoke on Trent city centre mixed-use scheme

Etruscan Square scheme consists of an arena, 300 homes, hotel and multi-storey car park
4 days ago

Landsec unveils latest £850m Buchanan Galleries plan

Subject to planning, earliest date for first construction would be summer 2024
4 days ago

Van Elle soars to record revenue in first six months

Revenue up a third to £80m at piling specialist with improved order levels ahead
4 days ago

Work starts on BSI Kitemark for MMC homes

Government backs new British Standard to lift barrier to modern methods of construction
4 days ago

Watchdog blasts “rushed” UK Infrastructure Bank

Funding deals only seen so far on broadband and solar farms projects
4 days ago

60,000 Grandfather Rights skills cards soon to be invalid

New guidance issued for how experienced workers can get new CSCS cards before end of 2024
5 days ago

Worker dies after cardiac arrest in HS2 site office

Colleagues and emergency services tried to save man after he collapsed in tunnelling office
5 days ago

Mace wins £150m life sciences centre

Construction to start in April creating 1,000 jobs on London's Euston Road
6 days ago

Redrow switches to heat pumps as standard in all new homes

House builder commits all new detached homes from this month to have heat pumps and underfloor heating
5 days ago

Gilbert Ash set for Barnfield College next phase

Contractor understood to have won latest £26m deal at Luton site
5 days ago

Willmott Dixon wins £48m zero-carbon West Sussex school

Work to start in April on Passivhaus-designed Bedelands Academy secondary school project
5 days ago

Plans in for £290m London gasworks resi project

Wandsworth town centre scheme will provide 640 mixed-tenure flats, bars and restaurants
5 days ago

Welsh refinery construction workers win 11% pay rise

Valero refinery deal could influence other Blue Book engineering construction site disputes
5 days ago

Balfour beats Kier to £1.2bn Lower Thames Crossing roads deal

At construction peak, Balfour Beatty will employ a 2,000-strong workforce on the project
6 days ago

Defective prefab beams to be removed from new bridge

Tilbury Douglas to carry our remedial work on £20m Hertfordshire road scheme
6 days ago

Contractor services