The private builder launched Willmott Residential earlier this month after merging its development arms, Prime Place and Be:Here, with its house building business, Willmott Partnership Homes.
Willmott Dixon also headhunted former Berkeley Group finance director Nic Simpkin to lead the business.
![Nick Simpkin, left, has joined as chief executive, alongside deputy chief executive Andrew Telfer](http://www.constructionenquirer.com/wp-content/uploads/Screen-Shot-2016-05-17-at-08.25.15.png)
Nic Simpkin, left, has joined as Willmott Residential chief executive, alongside deputy chief executive Andrew Telfer
The firm is now looking at its options to raise finance to acquire a substantial landbank for the new business, which could involve an IPO or finding a major investor.
A spokesman said: “We are looking at how to get more capitalisation into the business to support our ambition to grow a substantial landbank opportunity for our residential activities.
“It is just one of several options being explored and no firm decision has been taken yet.”
Willmott Residential already has a significant presence in the market developing homes for sale through Prime Place and private rent through Be:here, with 5,000 units on site or in planning.
In addition Willmott Partnership Homes already builds 2,000 homes a year with an expanding geographic presence and strong client base that includes housing associations, developers and local authorities.