Annual results announcement
End of year financial results
3rd - 9th February 2020
Connells Group’s Land division consistently strong in 2017
Outstanding growth for Land operation
Land and investment deals achieved by Connells Group in 2017 will add a further 2,750 units to its new homes pipeline. The Group’s dedicated Land division reports exceptional results following further growth in land, professional and investment income last year – up 20% on the previous year, increased instructions for both corporate clients and local authorities and a new homes pipeline which currently stands 31% ahead of the start of 2017.
Connells Group’s Land division was instrumental in many significant land sales and acquisitions throughout the country in 2017, including a diverse number of deals involving private and affordable housing. Highlights include major land deals secured for Barratts, Inland Homes and St Congar in Aylesbury, Crest Nicholson in Redhill, Cala in Great Bentley, Mears Group in Clifton and a significant PRS investment deal in Birmingham:
“Our strong results reflect Connells Group’s outstanding reputation and relationships with our developer partners, Housing Associations and many other organisations within the residential development industry,” says Roger Barrett, Connells Group Land Director. “Housing supply and delivery continues to be a challenge for the development industry, so we are thrilled with the volume of land deals completed since the start of last year and look forward to supporting our developer partners further in the year ahead.”
The division’s services range from land disposal and acquisition, appraisals and valuations through to providing valuable consultancy advice from its team of 40 dedicated Land operators. The business is supported by an onward sales proposition via Connells Group’s network of nearly 600 estate agency branches which, in 2017, sold 9,000 new homes.
“We have doubled the size of our operation over the last few years in response to growing demand for development opportunities from house builders, and we will continue to strengthen the division by adding strategic appointments throughout the year in a bid to remain the leading land agents in the UK,” continues Roger.
“We have long standing professional experts within our business – notably Mike Peters, who for the second year running is our top Land and Professional Operator, Julian Coxell who concluded significant land deals in Aylesbury and Iain Berry who heads up our land and new homes business in the south east. We credit our colleagues for making our offering so successful,” concludes Roger.
Connells Group’s Land division is urging land owners who have land either with or without residential planning permission and are looking to sell this year to get in touch if they would like to discuss their options further.