Our land portfolio is in the south and south east of England where there is ongoing and sustained demand for additional housing that exceeds available supply. This land bank is principally brownfield and includes sites both with and without planning permission, plus strategic sites which are usually held as an option and therefore require only a limited amount of capital. The gross development value of our entire land bank is £3.1bn. It comprises a record 11,045 plots, of which 2,470 have planning consent and 1,819 where planning applications have been submitted
The number of options in our business model enables us to realise the maximum value in our land bank. This agility allows us to adapt our activity to suit market conditions and business needs. It includes the strategic disposal of consented land, as well as the construction and forward sales of private homes and partnership housing. Demand for our asset management services, a capital light activity, continues to grow quickly. Our portfolio of rental properties also provides a steady stream of rental income.
We maintain our 100% success rate in achieving planning consent on brownfield sites. Our versatility, local insight and community-centred approach give us a competitive edge in identifying and securing suitable land opportunities. Our highly experienced management and specialist development teams maximise each project’s potential. Our success is driving demand for our asset management services, whereby we provide our land and planning expertise to third-party investors.
Proven self-build and partnership building capability
We have self built the majority of our homes since 2016 which gives us greater control over quality and costs. Our ambitious, high-quality and affordably-priced developments are in high demand from first-time buyers and private investors. There is strong demand from housing associations for our partnership housing offer where we provide both the land and construction of the homes. With our proven credentials for this work, we are well positioned to maximise further market opportunities.
We are committed to ensuring our land, housebuilding and partnership activity leaves a positive lasting legacy for generations to come. As specialists in brownfield regeneration, we already have a proud history of adding lasting value through our site remediation work but we are building on this track record to ensure our housebuilding activity supports this objective too.
Our Environmental, Social and Governance (ESG) framework sets out a high-level commitment to being a responsible, sustainable business; principles which have always been inherent in our culture and values.
Not only is being a responsible, sustainable business the right thing to do, doing so also ensures we create a stronger business in the long term and maximise returns for our shareholders.