Purchases range from tactical acquisitions of sites which open up the potential of neighbouring land, to areas which will become key housebuilding terrain in the future, to sites ready for immediate development. All of these purchases are funded by our careful financial strategy, which balances loan finance, joint venture funding and equity released from operations.
Progress over past year
- Increase in the size of the land bank since the last annual report despite the sale of 780 land bank plots and 188 homes
- Planning permission or resolution to grant planning permission obtained on 1,856 plots during the year
Focus for the future
Continue to secure more planning consents and acquire sites with excellent potential to add value
- Number of plots with or without planning consent
- Planning permissions gained during the year