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One of our most favoured clients - 12 September 2011

As ambitious as ever, one of our cherished clients Berkeley Group is on target to achieve its ambition to double its pre-tax profit at least two years earlier than originally expected. This is part of a five-year plan set out in May 2010 with other specific targets outlined:

To grow the future gross margin in its landbank from £2 billion to around £3 billion
To be the market leader in place making through using the Building for Life criteria. Berkeley said: “ Berkeley's emphasis on place making and putting the customer at the heart of every decision, coupled with a focus on London and the South East, has enabled it to outperform despite the well publicised wider market challenges we are experiencing.”

No one sets ambition like Berkeley Group and it is great to be working with a team who have achieved such a strong forward sales position.

Planning issues - 9 September 2011

With so much talk – for and against on the draft National Planning Policy Framework, it’s good to have summary sheets to make it easier to review the arguments for and against. The HBF has produced a fact sheet on the draft National Planning Policy Framework to counter the arguments of the National Trust and CPRE who oppose the new rules. The sheet includes 14 key facts about UK housing including:

Last year saw 103,000 homes built in England, the fewest since 1923
Official figures show that at least 230,000 new homes a year are needed
Last year there were 200,000 first time buyers compared to 600,000 ten years ago

You can access the full sheet at:

http://www.hbf.co.uk/fileadmin/documents/briefings/National_Planning_Policy_Framework_Fact_Sheet.pdf

Redrow profits rise on success of new range - 8 September 2011

How great to see Redrow reporting a surge in profit and revenue for the year to June on the back of the success of the firm's New Heritage Collection range. The New Heritage Collection made up 41% of private turnover in the second half of the year and more than 50% by value and Chairman Steve Morgan said: "Through decisive management action, particularly the introduction of the New Heritage Collection, we have been able to increase average selling prices and margins by changing mix and keeping costs under control". He also said that "The outlook for the industry remains challenging due to the lack of mortgages. With five new jobs being created for every new home built, it is strongly in our country's interest to resolve the mortgage issue," he said. How great it will be to see an increase in lending to enable more sales.

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One of our most favoured clients

12 September 2011

To grow the future gross margin in its landbank from £2 billion to around £3 billion
To be the market leader in place making through using the Building for Life criteria. Berkeley said: “Berkeley's emphasis on place making and putting the customer at the heart of every decision, coupled with a focus on London and the South East, has enabled it to outperform despite the well publicised wider market challenges we are experiencing.”

No one sets ambition like Berkeley Group and it is great to be working with a team who have achieved such a strong forward sales position.

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