Hill looks to increase presence in the capital with £300m land drive

Housebuilder, Hill Group, has announced a £300m land drive in London as part of its growth plans after securing a pipeline of more than 1,700 homes across several sites in the capital.

Related topics:  Business
Property Reporter
23rd October 2020
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The business has also been expanding its land team since the start of the year.

The land programme is part of the Essex-based company’s 2025 Plan to reach £1 billion turnover, delivering more than 4,000 homes per year.

Presently, Hill has 6,100 homes under construction across London, the South East and South West, with a secured pipeline value of £5.3 billion across its private and affordable homes portfolio.

The group has 14 active residential schemes in London, including the 580-home Fish Island Village, a canal-side regeneration scheme in Hackney Wick, and Harrow One - 204 apartments in Harrow-on-the-Hill.

Andy Hill, Hill’s CEO, said: “London’s property market has proven to be very resilient, rebounding quickly after the ease of lockdown, and remains a prime area for investment and development.

“With our successful 20-year track record of building large, residential and regeneration developments across the capital, we have the extensive experience needed to navigate the current market conditions. We are very well-capitalised with a robust balance sheet and, while the current supply and demand dynamics persist, we are seeking attractive land opportunities to grow our pipeline yet further.”

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