Mactaggart & Mickel Group has unveiled plans for significant growth in the Thames Valley with Paul McAninch as new chief executive.
The housebuilder, which has strategic land, PRS and investments divisions, is seeking to invest in the region as part of its South East portfolio of strategic land, which currently comprises 11 sites.
The investment is part of a wider plan in which the group wants to increase revenue from its strategic land in England by £33 million over the next five years.
The group also aims to invest £8m in new high-quality energy efficient private rented homes, as part of a programme to increase the value of its portfolio from £71m to more than £100m by 2027.
Mactaggart & Mickel’s South East England strategic land team is already promoting a 56-acre greenfield site in the Chiltern Hills on behalf of landowners through the new Buckinghamshire Local Plan.
Mr McAninch (pictured) said: “It is an honour and hugely exciting time to be leading a well-respected and successful business with its eyes firmly on the future.
“Our approach builds on our track record in the Thames Valley and other parts of the UK, where we have been active for some time.
“It reflects what our core purpose has always been: to provide quality housing for people in areas where they want to live. We aim to increase this activity significantly over the next few years as we grow the team and expand our footprint.
“By working with local councils, housebuilders and communities, we can unlock capacity to deliver new homes where they are needed.”
Mr McAninch has worked for the group for around 20 years, most recently as finance director, managing director of its investment fund and chairman of its investments division.
He has retained his roles as a board member of Shawfair LLP, non-executive director of prop-tech business iOPT and as an advisory committee member of the YFM Equity Partners Buy Out Fund I.
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