Affordable home builder Gleeson Homes has expanded its North East presence with the opening of a second regional office.
The firm, the house building division of the MJ Gleeson Group, has opened a regional office at Wynyard Park in Teesside, the firm’s second to open in the region in the last three years following rapid growth of the firm’s housebuilding activities.
The office opening comes two weeks after M J Gleeson announced a booming forward order book and a doubling of operating profits to £12.1m for the year ended 2014.
Ed Alder, regional director for Gleeson Homes, said: “Since we started construction of Gleeson homes in the North East our output has increased from just five units in 2012 to 208 last year.
“We are now selling homes on over 20 developments across Tyne & Wear, County Durham and Teesside so now seems like the ideal time to open a new office to cover the south of the region, with our existing Chester-le-Street office managing the north.”
Gleeson homes specialises in providing low cost homes for people on lower incomes, offering a range of schemes to help first time buyers onto the property ladder.
The firm, which is also focused on regenerating brown field sites, will start construction and sale of new homes across five developments on Teesside, with a further five new developments expected to launch in the next few months.
Mr Alder said: “In certain areas, especially Redcar, Hartlepool and Middlesbrough, we have seen unprecedented levels of demand for our new homes, in some cases even before we have received planning permission.
“Gleeson homes are particularly popular with first time buyers as their competitive prices often mean it is cheaper to purchase a new home than to rent.
“It is very rewarding to see the transformation of a derelict piece of land, which may have once attracted antisocial behaviour, into a development of attractive new homes which are affordable to local people who may have previously been priced out of the market”.
Last week MJ Gleeson announced audited results for the year ended June 2014 in which its operating profit more than doubled to £12.1m on revenues of £81.4m.
Strong growth in the Gleeson Homes led to the division increasing operating profit from £4m to £9.4m.
Dermot Gleeson, chairman of MJ Gleeson Group plc, said: “The outlook for the group remains highly encouraging.
“Demand for low cost family homes continues to be strong amongst Gleeson Homes’ core customer base and our forward order book is at a record high.”