UK developer of new communities and homes, St. Modwen Homes, recently announced plans for projects to deliver over 1,100 properties in England.
They aim to produce multiple site in areas including Lancashire, Kent, Leicestershire, Nottinghamshire, and London. Acquired by Blackstone, the world’s largest alternative asset manager, in August 2021, St. Modwen Homes will provide an investment that totals more than £85 million across all five of the sites.
St. Modwen Homes hope to double in size over the next five years. The developer has an excellent portfolio as they built almost 1200 new homes in 2021 and it has been acknowledged as a five-star housebuilder with a Home Builder Federation customer satisfaction rating of over 90%.
In addition to this, St. Modwen was named by Homes England as a preferred partner in its new Delivery Partner dynamic purchasing scheme in September 2021.
What to expect from the development
28.6 acres of land in Ditton Edge, Kent which has permission for 300 homes, will form part of the new development. A further 116 homes in Coalville, Leicestershire are part of the development project too.
Around 300 homes aim to be delivered across Newark and Nottinghamshire. While 128 properties are due to exchange in Chorley, Lancashire.
Through St. Modwen’s partnership with Vinci, 267 units in Uxbridge on the former RAF Uxbridge site have been proposed as part of the project.
Dave Smith, managing director, St. Modwen Homes, concludes “There is an urgent need for new homes in the UK, but the homes that are delivered need to be high quality, and communities must be created in the right places. St. Modwen has a proud record of delivering homes of the highest standard and thriving communities for people to live. Today’s announcement expands our footprint into new areas across the UK and builds on our continued, sustainable growth.”