Latest news with #GleesonHomes
Reuters
3 days ago
- Business
- Reuters
UK's MJ Gleeson flags profit dip for low-cost housebuilding unit
June 3 (Reuters) - Britain's MJ Gleeson (GLEG.L), opens new tab said on Tuesday its low-cost housebuilding unit Gleeson Homes will report annual operating profit about 15%-20% below expectations, citing higher build costs, flat selling prices and a failed land disposal deal. MJ Gleeson - which specialises in affordable housing - operates two divisions, Gleeson Homes and Gleeson Land. The former accounted for 95% of the company's total revenue in 2024. "The pace of the housing market recovery has not been sufficient to offset the cumulative impact on Gleeson Homes' gross margin of a number of headwinds through the year," the company said in a statement. It added that factors including planning delays, which will result in the business selling from fewer sites than previously forecast, will continue to impact the unit's margins into fiscal year 2026.
Yahoo
02-03-2025
- Business
- Yahoo
Application for 550 homes at lakeside development
Plans for 550 homes to be built as part of the Lincolnshire Lakes village scheme west of Scunthorpe have been submitted to North Lincolnshire Council. The project by applicants Hargreaves Land Limited includes a GP surgery with pharmacy, a small nursery and a food shop. Included in the plans are landscaping and habitat areas created to support water voles. The scheme is part of the wider redevelopment of the area, which includes plans to create a series of new villages in one of the largest housing projects in the UK, according to the council. Planning permission for the Lincolnshire Lakes scheme was first granted in 2016. The development is expected to create 6,000 new homes and a business park, set around artificially created lakes connected by water channels. According to the Local Democracy Reporting Service, the proposals for the site named Village One are on land east of the A1077(M), north of Brumby Common Lane. Permission is being sought for a new road off the M181/A1077(M) roundabout and a pedestrian and cycle link to Scotter Road. Other developments at Lincolnshire Lakes are at various stages of the planning process and include: 1,200 homes at land west of Scotter Road South, Bottesford, submitted by Gleeson Homes 599 of a 1,188 home village linked to the Burringham Bypass, submitted by Keepmoat Homes 2,500 homes, village centre, medical facilities and a primary school north of where the M180 meets the M181, submitted by Keepmoat Homes 81 homes off Scotter Road South, near to Silica Lodge Garden Centre, submitted by Gleeson Homes Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here. New £1.2bn housing scheme approved Local Democracy Reporting Service
