Hill have announced that in an effort to boost their presence in the capital and contribute to their 2025 plan to reach £1bn turnover, they have launched a £300 million land drive in London.
Alongside the expansion of the land team since the beginning of the year, Hill has 6,100 homes under construction across London, the South East and South West, bringing the value to £5.3 billion across its private and affordable homes portfolio.
At present, the business has 14 active residential schemes across London, including Fish Village, Harrow One and a canal-side regenerations scheme in Hackney Wick.
Andy Hill, Hill’s CEO, said:
“London’s property market has proven to be very resilient, rebounding quickly after the ease of lockdown and remains a prime area for investment and development.
“With our successful 20-year track record of building large, residential and regeneration developments across the capital, we have the extensive experience needed to navigate the current market conditions. We are very well-capitalised with a robust balance sheet and, while the current supply and demand dynamics persist, we are seeking attractive land opportunities to grow our pipeline yet further.”