Family-owned property and construction firm, Jehu Group, has secured projects across south Wales with a development value of £86m in the first quarter of this year .
The largest is a £14m contract to develop a 105-mixed tenure site for housing association Pobl Group in Burry Port, with a small number being allocated as affordable homes and more than 80 being open market units.
Jehu, which has its headquarters in Bridgend, will be on site this summer with the timber-framed site being completed across three phases, plus enabling works and infrastructure.
The Burry Port site is set to complete in 2022.
In a £10m package deal with Newport City Homes, Jehu is also delivering 76 one and two-bed riverfront apartments in the centre of Newport.
The firm is also continuing the regeneration of the Kingsway in the centre of Swansea by redeveloping the former office building, Orchard House to create 52 apartments as part of a further deal with Pobl Group worth £6.85m.
The new contract wins will assist the group in its ambitions of raising profit margins to at least 5%.
Jehu, which has been trading since 1935, has a turnover of more than £50m.
It is made up of Jehu Project Services, Jehu Civils, Waterstone Homes and Waterstone Estates
Simon Jehu, managing director of development said: “We are delighted to get these projects over the line.
They amount to more than 1,100 new homes which secures a very healthy pipeline for our residential activities.
"Property development is a slow business and these wins are the result of many months of hard work. We are looking forward to further build on this as we continue to grow as a Group, as we have been recruiting across the business in anticipation of this.
“The economic benefits that comes with these sites are huge and will produce a massive financial boost in the region.
"Also, local employment, training and upskilling opportunities will be generated at all levels, as well as developing the local supply chain. We are proud to be able to play a part in building more resilient communities while we are on site, as well as once we have handed over the keys.”
Andrew Lycett, Jehu's finance and operations director, said “The growth in the business continues to be balanced across all sectors of the groups activity, with a growing commercial portfolio as our reputation and brand awareness has increased.
"Margins on new work are also holding up well despite an apparent appetite by some in the sector to underbid for work.”
Jehu, which has been trading since 1935, has a turnover of more than £50m.
It is made up of s made up of Jehu Project Services, Jehu Civils, Waterstone Homes and Waterstone Estates.
