Weston Homes to invest €571m in U.K. residential market

Weston Homes has unveiled plans to invest as much as €571 million ($591 million) in strategic land acquisitions during the next five years, buying new home sites across outer London and the South East to further expand the company’s existing €2.4 billion ($2.5 billion) portfolio of pipeline developments, which will deliver more than 7,500 new homes.

Weston Homes will look to purchase sites that can deliver between 100 units and 1,000 units on any individual sites. The sites can be either brownfield or greenfield sites, and can be for sale with existing planning consent or subject to planning. The housebuilder will focus on acquiring sites within a 10-minute to 15-minute walk of a railway station or public-transport facility.

Weston Homes will be looking for sites in locations such as Bracknell, Barking, Watford, Hayes and Harlow, and commuter towns within 30 minutes of London, including Reading, Stevenage, Borehamwood, Hitchin, Brentwood, Woking and Epping.