CALA Group has today provided an update following a strong period of land activity and confirmed its intention to continue this site acquisition drive. The housebuilder has contracted 24 new sites, capable of delivering over 4,500 new homes, during 2023 so far. These sites have a gross development value (GDV) of £2.2 billion and the average selling price of private units is £480,000.
Kevin Whitaker, CEO at Cala Group, said: “Strength of sales rate has given Cala the opportunity to build value for the future. We have been contracting sites with and without planning permission, for both short-term and future development and we are committed to this strategy.
“While economic factors have affected buyer confidence, we believe in the underlying fundamentals of the new homes market, the quality of our design and the high standard of construction of our homes. There remains a steady demand from our customer base, for larger living spaces in the desirable suburban locations in which we build.
“Our land and planning teams are actively seeking to invest in sustainable sites in desirable locations, and they have the expertise and financial backing to unlock potential across the full range of planning and development opportunities.”
In England, the homebuilder is focused in its areas of operation to capitalise on opportunities for growth, in key locations including Kent, Surrey, Cambridge, Oxfordshire and along the South Coast.
In Scotland, Cala continues to invest in well-connected developments in and around Glasgow and the West, Edinburgh, the Lothians and Fife, as well as suburbs around Aberdeen and Aberdeenshire.
Kevin Whitaker, CEO at Cala Group, added: “With ongoing support from our owners, Legal and General, our focus is to continue to build on Cala’s land-buying opportunity, and capitalise on our strong position to secure developments for the coming years.”
For more information visit cala.co.uk/land