Development sites in areas including Hayes, historic buildings and brownfield sites in West London are among those being targeted by Weston Homes in a £500 million investment spree.
The volume housebuilder has announced a five-year plan to buy strategic land for housing across much of outer London and the South East in a bid to deliver 7,500 new homes.
The developer is seeking sites, either brownfield or greenfield, consented or subject to planning, which can each deliver between 100 and 1,000 properties.
Its main focus is on those within a 10-15 minute walk of a railway station or other public transport service. Locations outside London should be within 30 minutes reach.
Chairman and managing director Bob Weston (pictured) said: “Due to sales success and the sell out and completion of several major projects Weston Homes has allocated £500m for land buying and are seeking attractive land opportunities to grow our development pipeline yet further.”
Completions and sell outs include sites at Denham Film Studios in London, Fletton Quays in Peterborough, Langley Square in Dartford, Victoria Central in Southend and the selling out of the initial phases of Gun Hill Park in Aldershot, Abbey Quay in Barking and Edinburgh Way in Harlow.
There are currently 20 active sites in outer London and the South East, part of a pipeline of more than 7,500 homes.
The land buying team includes land director Dawn Wylie, Mr Weston and planning and design director Steve Hatton.
© London West (powered by ukpropertyforums.com).
Sign up to receive your free bi-weekly London West journal here.