Barratt to build 2,000 homes a year in capital
Firm wants to increase business in London
The country’s biggest house builder Barratt has said it wants to build 2,000 homes a year in London.
It completed 1,586 homes in the capital in the year to the end of June but chief executive Mark Clare said it wants to take advantage of a booming market. “Our Barratt London business is expanding fast. We are planning to deliver 2,000 new homes a year in London.”
Prices in London rose 5.3% last month compared to an average of 0.3% across the rest of the country, according to the Nationwide.
Barratt has also announced its first major partnership with developer British Land, the firm behind the Cheesegrater, to build 463 homes at Aldgate Place on the edge of the City.