Wates Developments specialises in land, planning and residential development throughout Southern England. Our financial strength, corporate stability and commitment to what we do make us a strong and attractive partner or purchaser for both land owners and developers alike.
Our business holds a large and growing portfolio of potential residential development land and our team focuses on securing valuable planning consents in sustainable locations, in both town and country where it is needed most.
Investment significantly increased throughout 2017 across a range of green and brownfield land interests and the business now has a portfolio of over 80 sites at all stages of planning, representing in excess of 12,000 homes.
While the planning environment remained challenging throughout this period, the team’s deep understanding of the market, strong relationships with landowner partners and expertise in creative and compelling engagement strategies, enabled successful consents for 1,500 new homes to be achieved in 2017. A particular highlight was the consent for 750 new homes at Hounsome Fields in Basingstoke and its subsequent sale on behalf of landowners.
House Builder Joint Ventures
Once consented we may sell our land or invest in residential development schemes through long established joint ventures with leading UK house builders, which include Barratt Homes, Linden Homes and Miller Homes. We are always looking for new partners and want to work with the best.
In 2017 Wates Developments added seven new House Builder Joint Ventures to the portfolio, bringing the total number of active schemes to 18. These developments will deliver a total of over 2,800 new homes over the next few years.
The geographic spread of the portfolio was also widened to the west as planned, now including developments in Bristol, Salisbury, and Ringwood.
Home sales across the HBJV portfolio were resilient across the year. A combination of careful investment in sustainable locations and a focus on delivering homes within the scope of the government’s Help to Buy scheme thresholds, enabled a steady rate of sales at growing margins
Our team of land acquisition and property experts consistently delivers exceptional outcomes in the communities in which we work. We focus on securing the best residential developments in the best locations.
By creating outstanding teams of both our own people and leading consultants, we engage positively with stakeholders and secure valuable planning consents, delivering new investments, homes, infrastructure and sustainable communities.