joint ventures
In 2008, Wates Developments increased its land bank by 21% and we expect to have increased it by a further 36% in 2009. Controlling over 2780 acres in Southern England and with over 2000 units in our 3 year planning pipeline, Wates Developments is active in a market that has been severely constrained by the recent financial crisis in the economy. As a wholly privately owned company, our strong balance sheet, rapid decision making and operational flexibility makes Wates a strong investment partner for housebuilders, who want access to quality land.
We partner with the best housebuilders to invest in the schemes we have designed. Our partners are always market leaders with a strong emphasis on safety in development and exceeding the expectations of our customers, the new homebuyer. All our scheme are jointly branded to emphasis our own commitment to the communities we are working within.
Long term commitment to this market, supported fully by the Wates family, makes us an ideal partner for housebuilders looking for a joint venture partner on greenfield or brownfield land in the Southern England.
related project stories
Wates takes top honour
Wates Group has taken home the top accolade in Business in the Community’s (BITC’s) 14th Awards for Excellence.
the Queen’s Awards
Wates receive the Queen’s Award for Enterprise in Sustainable Development.
financial stability
Wates is one of the most financially secure companies in the construction sector. We have significant liquidity, no reliance on external funding and no toxic assets.
transforming communities
Since 2007, we have focused on building sustainable communities through raising skills and creating employment opportunities.
