Wavensmere Homes eyes Midlands brownfield land

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Wavensmere Homes is seeking brownfield development opportunities in excess of three acres within city centres and towns across the Midlands. The firm – which currently has 3,500 plots in production or planning – is gearing up to deliver 1,000 new homes per annum, in order to double turnover to circa £250m.

Established in 2015, the privately-owned housebuilder handed over the keys to 522 homes during 2023. The business and its associated SPVs are on track to achieve a £115m turnover during 2024. Construction is anticipated to commence on five new developments this year, which have a combined GDV of close to £350m.

James Dickens, Managing Director of Wavensmere Homes, said: “Land assembly, planning and pre-construction work can take several years. The new administration in No.10 has big ambitions to speed up the process, which we welcome and support, but changes will take time to implement at a local level. We couldn’t be prouder of our pipeline of major residential-led sites, but we need to acquire more development land before this year is out.

“The area we have intrinsic knowledge of is the East and West Midlands. It’s where our executive and management team live, where the majority of our core supply

 link source - East Midlands Business Link - Property https://www.eastmidlandsbusinesslink.co.uk/mag/wp-content/uploads/2024/07/James-Dickens-md-of-Wavensmere-Homes.jpg

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