UK House-builder, Countryside Properties has seen a high increase in activity over the previous six months, due to the acquisition of Westleigh in April 2018 and the new timber frame factory that is currently in process.
On the 31st of March 2019, Countryside marked their total completions of the previous six months up by 43% to 2,363 homes. Without considering the impact of the Westleigh acquisition, the completions were up 8% to 1,788.
The full production of Countryside’s modular timber frame factory in Warrington began in March and is on schedule to deliver around 500 homes this financial year, with a production capacity of up to 1,500 homes per year.
The past six months has seen an increase in the company’s Partnership’s sector, showing a 61% growth in completions to 1,889 homes (12% excluding the impact of the acquisition of Westleigh).
In addition to this, 9,893 plots were secured during the half-year, including 2,170 homes at the Cambridge Road Estate in Kingston-upon-Thames and around 3,000 homes in the Midlands and Yorkshire areas.
Countryside has now reached a figure of 36,132 plots secured with Partnership (H1 2018: 21,698), representing over nine years of future work at the current volumes.