The well-known UK development company, Be First, has planned to build over 900 homes more than the figure that was first envisioned when the firm launched two years ago.
Started by Barking and Dagenham council in East London, the company now aims to develop over 3,080 more homes for the council which is over 40% more than the initial intentions of the firm. Around 75% of the total figure of homes to be delivered would be considered affordable.
As for the financial approach, this council funded process will cost around £777m which is $148m more than predicted for the 2017/2018 business run, yet these ambitious targets show promising value for the money spent.
Ian Ferguson, the commercial director of Be First, stated that the target was ambitious however, also “entirely achievable”. According to Ferguson, the firm expects to deliver a cash surplus to the council by the end of this year.