Five new development sites worth £127m secured by Avant Homes
Wakefield-based housebuilder Avant Homes Yorkshire has secured five new development opportunities in the past 15 months, which will create up to 300 sales, construction and sub-contractor jobs in the region.
With a combined value of £127m, the five new sites will provide for a further 498 homes to be built by the company throughout the region. The developments are located in Idle, Stamford Bridge, Stannington and two as part of the Waverley project.
The new Yorkshire sites will enable Avant Homes to continue accelerating toward its target of becoming a £500m turnover, 2,000-unit business across its operations in central Scotland, north east England, Yorkshire and the Midlands.
Recent research by construction industry intelligence provider Glenigan showed that Avant Homes was one of only three UK housebuilders consistently applying for sites with volumes exceeding 150 units during 2017.
Avant Homes Yorkshire managing director, Rob Slocombe, said: “We are on a fast-moving trajectory and our momentum can only be maintained by securing new sites in the right locations and for the best price.
“Our land buying team in Yorkshire has been outstanding over the past 15 months in finding excellent development opportunities and this has provided the platform for continued sustainable, profitable growth.
“The fact that as a group we were one of only three UK housebuilders regularly applying for sites with more than 150 units during last year is important. It shows both our ambition across all our regions and the continued growing demand for our product throughout Yorkshire and our operations.”
The news follows Avant Homes’ announcement in August last year that it secured an enhanced £200m facility from HSBC, RBS, Santander and Bank of Ireland to significantly increase the housebuilder’s land acquisitions over the next 12-month period.
