10:14 16 Oct 2003
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Willmott Dixon Housing is aligning its £100m business with
the key geographic growth areas earmarked by the government's
Sustainable Communities Plan to receive £610m of investment to
create a 'Step Change in Housing Supply' within three years.
The move by the affordable housing specialist supports a strategy
aimed at achieving year-on-year turnover growth of between 15 and
20%.
Willmott Dixon's forward-order of £405m for 2004 and onwards is in the plan's targeted growth area between Birmingham and Central London with nearly 90% secured through long-term strategic partnering relationships with registered social landlord clients.
The company will build on this by focusing future operations in the South Midlands, M4 corridor, London and the London/Stansted corridor - areas identified for sustainable and government supported housing growth.
Chris Durkin chief operating officer of Willmott Dixon Housing said: "The Sustainable Communities Plan fits well with our strategy as we already have a large presence in its targeted growth regions.
"It has led us to fine-tune our geographic focus and this involves closing a regional office in Gloucester to strengthen our delivery teams and support infrastructure between Birmingham and London.''
Willmott Dixon Housing built and regenerated over 1000 units on a turnover of £100m in 2002