High hopes for 250 City Road as Berkeley unveils new tower at Tech City hub January 29, 2015 Anyone following the current spread of new developments cropping up around London could be forgiven for thinking the market on City Road is over-saturated. This long stretch off of Old Street roundabout has attracted a seriously impressive number of developers, which is partly a success story for Tech City (the government-backed initiative to create a [...]
UK house prices: Berkeley Group brushes off lower growth to post 80 per cent profit growth December 5, 2014 UK house prices may have begun to slip from the meteoric growth levels seen earlier this year, but Berkeley group is still reaping the rewards. The British house building company reported a 79.9 per cent rise in profit before tax for the six months to 31 October, putting the figure at a healthy £305m. Revenue [...]
Berkeley poaches Quintain’s finance chief October 7, 2014 Quintain’s finance director Richard Stearn will be swapping one FTSE 250 property company for another after being appointed yesterday to take up the same role at the Berkeley Group. Quintain said Stearn would leave the company “no later than no later than 3 April 2015” and join the housebuilder shortly after.
London housing market is back to normal, says Berkeley chair September 1, 2014 HOUSE builder Berkeley’s chairman Tony Pidgley has said that London’s housing market is “stabilising”, in a trading update. “Since the start of the current financial year, the market has reverted to normal transaction levels from the high point in 2013, providing a stable operating environment. Demand for the right product with good design in the [...]
Housebuilder Berkeley: The London property market is back to “normal” September 1, 2014 Tony Pidgley, the charismatic founder and boss of Berkeley Group, is famous for calling the top of the housing market during the downturn. Today, the London housebuilder holds its Annual General Meeting – and in a trading statement this morning, Pidgley said the market is "stabilising": Since the start of the current financial year, the [...]
Surge in profits for Berkeley as housing booms June 18, 2014 HOUSE builder Berkeley’s pre-tax profits rocketed upwards in the year to the end of April, soaring by 40 per cent as the housing market rapidly picked up strength. Profit after tax rose by £83.2m, a boost of 39.7 per cent on the prior year, bringing the total for the year to £292.9m, and earnings per [...]
Berkeley says new homes to pass 2007 peak March 18, 2014 SHARES in Berkeley Group jumped 2.3 per cent higher yesterday after the housebuilding giant said that it is on track to complete 30 per cent more homes this year than at the peak of the market in 2007. The group credited the government’s Help to Buy mortgage scheme for boosting demand. The scheme provides taxpayer-funded [...]
Berkeley pays bosses £60m July 7, 2008 Multi-Millionaire property entrepreneur Tony Pidgley and three of his fellow directors at housebuilder Berkeley Group are getting a £60m pay-out, it has emerged. Pidgley and the three other members of the management team will net around 7 per cent of the company, which is valued at around £770m. The pay-outs come at a time when [...]