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Keepmoat to break ground in Scotland

CONSTRUCTION company Keepmoat is building its first homes in Scotland in another sign of a recovery in the housing sector.

The Yorkshire-based firm has hired housing and town planning specialist Barry Douglas to head up expansion of Keepmoat Homes north of the Border.

It has been working on refurbishment contracts in Scotland for more than five years, but hopes to acquire its first housing sites early next year, building on growth across the Midlands and the north of England.

Douglas has been hired as land and partnerships manager from Hallam Land Management where he worked for six years as senior planner and latterly area manager on strategic land developments. He worked for East Ayrshire council as a town planner for six years.

Douglas, who is based in the company’s Cambuslang offices, said: “Keepmoat Homes’ move into Scotland couldn’t have come at a better time as interest increases in value-for-money new-build housing.

“We are already in conversation over a number of sites and expect to announce our first purchase in the New Year.”

In the year to the end of March, Keepmoat saw turnover rise from £676.1 million to £886.5m with pre-tax profit of £37.2m against a loss of £31.5m the previous year. The company built 1,506 homes and expects to build around 1,800 in the current financial year, underpinned by a landbank of almost 17,000 plots.

Keepmoat was formed in March 2012 by the merger of Apollo and the Keepmoat Group of companies.

 

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