Housebuilding and construction group Galliford Try said there was a 8% increase in its landbank to 9,500 plots and a 28% increase in total housing completions to 851 units in the half to end-December. In the Trading Statement released by the company today for the 6 months to End December 2010.
A full copy of the Statement can be seen by following the links at the bottom of this post but the high lights on its land are posted below:
GALLIFORD TRY PLC
Galliford Try plc, the housebuilding and construction group, today provides the following update on trading for the half year ended 31 December 2010. The group expects to announce its results for the half year on 23 February 2011.
· 8% increase in total landbank to 9,500 plots (31 December 2009: 8,800 plots).
· 62% of landbank now secured at current market values, (31 December 2009: 36%).
· Selected as preferred developer on projects in all three HCA delivery partner panel regions.
Greg Fitzgerald, Chief Executive, commented:
“While the economic outlook is still uncertain, the board continues to be encouraged by the progress being made in housebuilding and by the resilience of the Group’s construction business. While remaining cautious in the short term, the Group is confident in its strategy for delivering the objectives of its expansion plan.”
Good land opportunities continue to be available. Galliford Try’s expertise on working with local communities and planning authorities to obtain planning consents on land secured on a conditional basis remains an important factor in providing future development sites. Our total land bank at 31 December 2010 is 9,500 plots (2009: 8,800) of which 5,900 plots, or 62% of our total landbank, have been acquired under current market conditions, compared to 36% a year ago. Based on our strict financial criteria for land acquisitions, we have 2,700 plots with terms agreed in the pipeline.
We are now preferred bidder on development opportunities in all three regions of the Homes and Communities Agency’s delivery partner panels, demonstrating our industry leading presence in affordable housing and regeneration across the country. We also anticipate that the Government’s designation of up to 80% of open market rent as affordable housing will support development levels, sustaining both pricing and sales volumes in the sector.
If you are a house builder and need temporary assistance with your commercial requirements or a subcontractor looking for an introduction to major house builders such as Galliford Try then contact Andrew Fella at Onyx Construction Consultants Ltd