Connells Group today announces total revenue of £1bn and EBITDA of £181.1m in its financial results, and a robust year for its Land and New Homes business. Now the largest new homes operator in the UK, Connells Group recorded a 16% increase in new homes income in 2021*1, and exchanges up 14%*1 compared to the previous year.
The enlarged Connells Group Land and New Homes business, which incorporates Connells, Sequence, Countrywide and Hamptons, now has a team of over 100 professionals who sold more than 11,500 new homes in 2021. The development of its land offering added c.10,000 new build plots to be sold on via the Group’s respective businesses.
“Our Land and New Homes divisions had a fantastic year in 2021,” says Roger Barrett, Connells Group Land and New Homes Director. “The business has virtually doubled in size and has firmly established the Connells Group as the largest new homes operator in the UK with an instructed new homes pipeline value at in excess of £4 billion.”
Lambert Smith Hampton (LSH) is also now an integral part of Connells Group, providing award-winning and all-encompassing services across the entire house building sector, with clients benefitting from its depth of experience and wide-ranging expertise. LSH’s expertise extends Connells Group’s position to a new dimension, with services including planning, housing demand analysis and development consultancy, town centre regeneration, land acquisition and disposal, property management and property services to the PRS, BTR and Affordable Housing sectors.
“The outlook for the housing market this year is positive,” Roger continues. “Housebuilding and supply are improving, while demand for new homes remains strong, and we expect to see this filter through into our pipeline over the course of the year. With good availability of finance and mortgage products plus buyer incentives, we expect to see further growth in house sales and prices in the year ahead.”
Notes to editors:
*1 Combined Connells Group and Countrywide figure for full year on a like-for-like basis