Wavensmere seeks land to hit 1,000 homes per annum

Birmingham-based Wavensmere Homes is gearing up to deliver 1,000 new homes a year in order to double turnover to circa £250 million. The firm is now seeking brownfield development opportunities in excess of three acres within city centres and towns across the Midlands in order to reach these targets.

Established in 2015, the privately-owned housebuilder handed over the keys to 522 homes during 2023 and the business and its associated SPVs are on track to achieve a £115 million turnover during 2024. The plan is to more or less double both these numbers.

Construction is anticipated to commence on five new developments this year, which have a combined GDV of close to £350 million.

James Dickens, managing director of Wavensmere Homes, said: “Land assembly, planning and pre-construction work can take several years. The new administration in No.10 has big ambitions to speed up the process, which we welcome and support, but changes will take time to implement at a local level. We couldn’t be prouder of our pipeline of major residential-led sites, but we need to acquire more development land before this year is out.

“The area we have intrinsic knowledge of is the East and West Midlands. …