<b>Ongoing changes to the structure of the housebuilding industry continue to influence Housebuilder&’s regional planning application survey. Steve Menary looks at the movers in the figures for 2002</b><br><b>The recent bout of industry consolidation is again evident in the latest quarterly survey of &“Who&’s planning to build where&” from Emap Glenigan.</b><br> In October, Wimpey ended months of speculation by buying John Laing&’s housing arm for &£297 million to be paid over more than 12 months.<p></p><p> Wimpey chief executive Peter Johnson said: &“The deferred payment structure allows us to continue uninterrupted our programme to increase operating margins in our existing business.&”</p><p> Laing operates mainly in the Thames Valley, the Home Counties and the Midlands and the deal includes a 4,013-plot landbank.</p><p> Emap Glenigan&’s survey shows that Laing submitted 18 detailed applications for a total of 655 units during 2002, with most of these proposals in London and the South East. All these figures have been included in Wimpey&’s total and Laing&’s four submissions for 207 units in the South East helps Wimpey up one place to ninth in this region, which is still topped by Barratt.</p><p> The only regional top ten that included Laing in the last survey covering the 12 months …
Continue reading
To continue reading this article please login or register.