Redrow’s Morgan backs land growth start-up

Carden homeowners Harry Aubrey-Fletcher, Steve Morgan and Will Heath

Carden Group is privately owned and managed by Steve Morgan, founder and former chairman of Redrow, Will Heath, former Redrow group growth director, and Harry Aubrey-Fletcher, landowner and former director at Taylor Wimpey. The trio have labored collectively for greater than 15 years via varied enterprise associations and collaborations.

Their new firm is run from places of work in Cheshire and Buckinghamshire.

The mission is to get planning permission for farmers and different landowners to develop housing.

Carden has already acquired its first website – a 220-acre parcel of agricultural land close to Exeter. Planning has now been submitted for Treasbeare Backyard Village, with the plans to ship 1,000 new properties, a neighbourhood centre, a main college, allotments, sports activities pitches and a pavilion.

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The corporate says that it is usually near buying two additional websites, which between them would ship 1,100 properties.

Chief govt Will Heath stated: “Creating land within the UK has turn out to be more and more difficult, with important ranges of red-tape, protracted lead-in instances and substantial ranges of capital required to safe planning permission. With our industry-leading expertise, versatile enterprise mannequin and substantial money reserves we will take a versatile method that displays landowners’ circumstances, making choices shortly with out the necessity for exterior funding.

“Our focus is on shopping for freehold land with future growth potential for bigger residential-led initiatives requiring substantial capital funding and experience, whether or not or not it’s draft or allotted websites, or land with long run prospects. The aim is to ship top quality placemaking and thriving new communities. As soon as planning permission is achieved, the land will then be bought to native, regional or nationwide housebuilders who share the identical values.”

Will Heath can be chief govt of Bridgemere Group and chairman of Citadel Inexperienced Houses, a privately owned north-west primarily based housebuilder at present constructing 300 properties per yr. Steve Morgan is concerned in these two enterprise too.

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