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
contractor of the year
Wates has been recognised as a leader in the construction industry, after being named Major Contractor of the Year while Paul Drechsler was named Chief Executive of the Year.
RoSPA gold medal
We have been awarded the RoSPA gold medal for health and safety achievement for the sixth successive year.
supporting communities
Wates is committed to supporting communities where we work and live and making a tangible difference to people’s lives in deprived areas. We have a number of programs designed to make a real difference.
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.
