The house builder has revealed that over the past 15 months, it has secured 22 new development opportunities to provide a further 2,485 new homes across its operating regions of central Scotland, north east England, Yorkshire and the Midlands.
Six of the 22 sites arose from strategic land held under option by the housebuilder that it successfully promoted through the planning system. Three of the new sites are in Scotland, six in north east England, five in Yorkshire and the remaining eight in the Midlands.
Furthermore, during the period planning permissions for a further 966 plots were secured, comprising 488 plots on four sites in Scotland and 478 plots on four north east England developments.
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The news follows Avant Homes' announcement in August last year that it secured an enhanced £200m facility from HSBC, RBS, Santander and Bank of Ireland to significantly increase its land acquisitions over the next 12-month period.
The company's continued expansion will also create 1,320 new sales, construction and sub-contractor jobs across the four regions.
Overall, Avant Homes is on track to achieve its target of becoming a £500m turnover, 2,000-unit business. For the financial year to 30 April 2017, the company posted revenues increasing 45% year-on-year to £369m, whilst operating profits rose 107% to £45m. In addition, it achieved 1,636 total completions, up 35% compared with the previous year.
Group Development Director, Stuart Rowlands, said: "We are on a fast-moving trajectory and our momentum can only be maintained by securing new sites in the right locations and for the best price.
"Our land buying teams have been outstanding over the past 15 months in finding excellent development opportunities and this has provided the platform for continued sustainable, profitable growth.
"The fact that we were one of only three UK housebuilders regularly applying for sites with more than 150 units during last year is important. It shows both our ambition and the continued growing demand for our product throughout the north of the UK.
"The added financial firepower that the new £200m facility has given us is already being utilised across our operating companies. We look forward making further announcements about the ongoing successful delivery of our land buying strategy."
(LM/JP)
