Persimmon Adds 5000 More Plots in Late 2010 and Opening 70 New Sites 1st Half 2011

In a Trading Statement issued today 10th January 2011 by Persimmon Homes it advised that it had acquired over 5,000 plots worth of land in the later half of last year and is looking to open 70 new sites in the 1st half of this year.

The Statement read as follows…

In keeping with our current strategy we have continued to acquire new land through the remainder of the second half of the year on a selective basis and have acquired over 5,000 plots in the second half.  We have c. 59,000 plots owned and under control in our landbank at 31 December 2010, which represents c. 6.3 years supply…

 

We expect to open c. 70 new developments over the course of the next six months which will ensure our operating developments are maintained at current levels of c. 380 outlets.  It is too early in the New Year to assess the likely outcome of the forthcoming Spring sales season.  However, we believe that prospective purchasers who may have postponed visits to our developments due to the harsh weather conditions prior to the year end will return during the coming weeks…

 

We will give an update on our assessment of the housing market over the first weeks of 2011 when we announce our Results for the year ended 31 December 2010 on Tuesday 1 March 2011.

 

A full copy of the statement from Persimmon can be obtained from their website http://corporate.persimmonhomes.com/ or the following link Statement Report

Onyx Construction Consultants are pleased to count Persimmon as one of its valued clients working with its Northampton and Witham offices and more than pleased that its doing well in the current market conditions.

If you are a house builder and need temporary assistance with your commercial needs or a subcontractor looking for an introduction to major house builders then contact Andrew Fella at Onyx Construction Consultants Ltd

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