The company intends to acquire new home sites in outer London and the South East to add to its existing £2 billion pipeline of pipeline developments, which will deliver over 7,500 new homes. Weston Homes‘ chairman and managing director, Bob Weston, stated that the company would look to purchase individual sites capable of producing 100 to 1,000 units. The home builder will prioritise areas within a 10-15 minute walk of a train station or public transportation facility.
“Due to sales success and the sell-out and completion of several major projects, Weston Homes has allocated £500 million for land acquisition and is seeking appealing land opportunities to expand our development pipeline even further,” he said.
The company targets sites in Bracknell, Barking, Watford, Hayes, and Harlow, as well as commuter towns within 30 minutes of London, such as Reading, Stevenage, Borehamwood, Hitchin, Brentwood, Woking, and Epping.
The new land purchase commitment follows the company’s strong sales performance and the successful sellout and completion of projects such as Denham Film Studios, Fletton Quays, Langley Square, Victoria Central, and the initial phases of Gun Hill Park, Abbey Quay, and Edinburgh Way.
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