Avant Homes to create 1,320 jobs

North East | Property & Construction
Avant Homes
Avant Homes will create 1,320 jobs

Avant Homes is set to create 1,320 jobs over 22 development sites with a combined value of £642 million.

Six of the 22 development opportunities arose from strategic land held under option by the housebuilder that it successfully promoted through the planning system. Three of the new sites are in Scotland, six in North East England, five in Yorkshire and the remaining eight in the Midlands.

During the same period, planning permissions for a further 966 plots were also gained on strategic land. These comprise 488 plots on four sites in Scotland and 478 plots on four north east England developments.

Avant Homes group development director, Stuart Rowlands, commented: “We are on a fast-moving trajectory and our momentum can only be maintained by securing new sites in the right locations and for the best price.

“Our land buying teams have been outstanding over the past 15 months in finding excellent development opportunities and this has provided the platform for continued sustainable, profitable growth.

“The fact that we were one of only three UK housebuilders regularly applying for sites with more than 150 units during last year is important. It shows both our ambition and the continued growing demand for our product throughout the north of the UK.

“The added financial firepower that the new £200 million facility has given us is already being utilised across our operating companies. We look forward making further announcements about the ongoing successful delivery of our land buying strategy.”

For the financial year to 30 April 2017, Avant Homes posted both record revenue and operating profit numbers. Revenues increased 45% year-on-year to £369 million, whilst operating profits rose 107% to £45 million. These were delivered having achieved 1,636 total completions, up 35% compared with the prior year.

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