Countryside’s new East Midlands team aims to get a dozen projects underway over the next 12 months and is eventually targeting revenue of around £175m per year in the region.
It is now on the hunt for regeneration sites in Nottinghamshire, Derbyshire, Leicestershire, Lincolnshire and Cambridgeshire.
The firm wants to create mixed-tenure communities of between 50 and 3,000 homes focused on first-time buyers and young families.
Led by managing director Glyn Mabey, who has over 25 years’ experience in the industry, the East Midlands team is based at new offices in Enderby, Leicestershire.
The move follows the acquisition of Westleigh and expands Countryside’s existing presence in the Midlands, where it already has a number of major developments through its West Midlands office, including Galton Lock, Lea Hall Gardens and Bilston Urban Village.
Mabey said: “We see significant opportunities in the East Midlands, where residential markets remain strong and house-price growth is outperforming the rest of the UK.
“With excellent connectivity, vibrant and cosmopolitan cities, seven universities and the Midlands Engine initiative, the economy in the East Midlands is booming. ”
