20th Mar 2015 07:37
LONDON (Alliance News) - FTSE 250-listed housebuilder The Berkeley Group Holdings PLC on Friday said it is continuing to see good demand for new homes in London and the South East, is making progress on its land holdings, and reiterated its earnings guidance for the current financial year, along with the following two.
Berkeley said that as trading conditions returned to normal in the housing market, following the highs seen in 2013, it is still seeing good demand for new homes in London and the South East of England. The company is in construction on 64 sites across the two regions and said all of its sites with implementable planning consent are in construction.
The company added it has made progress on its land holdings in the period between November 1 and February 28, with one new site acquired in Reading and detailed planning consent secured on two pipeline sites in Hornsey and Kingston.
Given the progress thus far in its financial year to the end of April, the company said it is maintaining its earnings guidance for its 2015, 2016 and 2017 financial years.
By Sam Unsted; [email protected]; @SamUAtAlliance
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