The group’s St William Homes arm is targeting blocks up to 15 storeys on a “complex brownfield site”
Pre tax profit was up 9.5% to £604m off revenues of £2.55bn
Plans were blocked due to “generic suburban nature”
Sales remain 25% lower than before September
Housebuilder acknowledges “volatile” operating environment in trading update
Demand dropped by 25% during the pandemic but has now fully recovered, according to Perrins
Buying out St William allowed Berkeley to beat its target three years early
The former Schroders chair will succeed Glyn Barker
Housebuilder takes full control of St Williams Homes in £412.5m deal
Ellis joined Berkeley in 2004 and has sat on the board since 2010
Profit is expected to be ahead of the £518m reported in April