Countryside ramps up affordable homes activity

By Hamish Champ2019-01-24T13:44:00

Housebuilder says it is on track to hit management forecasts

Countryside has ramped up its activity in affordable homes and the private rental sector, thanks to last year’s Westleigh acquisition and its latest partnership deal with Sigma Capital.

In an update on trading the housebuilder said it had completed more than 1,000 new homes in the first quarter – 413 affordable units, up 52% year-on-year; 341 homes for the private rental sector, up 66%, and 340 private sale units, down 10%.

The group’s partnership business saw completions up 35% to 850 homes, driven by an additional 249 homes from the Westleigh deal, with the operation’s land bank standing at 34,254 plots, up 73%.

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