Hill Group, one of the UK’s largest private housebuilders, said it has set aside £300 million for a land buying spree in London.
Andy Hill, chief executive of the Waltham Abbey-headquartered firm, 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.”
He added: “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.”
A number of builders and estate agents have reported high demand for homes since lockdown restrictions in the housing market eased in May.
Buyers have benefited from a new stamp duty holiday that was introduced in July.
Hill is currently on site creating 6100 homes in the UK, including in areas such as Hackney Wick.
The company, which was founded in 1999, is aiming to boost annual revenues to £1 billion by 2025. Last year turnover reached £582.7 million.
