UK
Ireland
Scotland
London
Berkeley Homes has revealed plans to establish a new modular construction factory in Kent.
The UK house builder has completed the acquisition of a site at Gravesham from the Homes and Communities Agency and a planning application has been submitted to build the 160,000 sq ft facility.
The Group said: "We have assembled a team of specialists who are working with the Group’s construction teams to design the factory space with the first components undergoing testing."
The news was revealed in the company's annual results for the six months ended 31 October 2017.
With 2,117 homes delivered, the company saw pre-tax profit rise to £533.3 million – up 35.8% from £392.7m.
Overall, the Group estimates £1.5 billion of pre-tax profit will be delivered in two years ended 30 April 2019.
(LM/MH)
