Housebuilder Persimmon lays foundation for 1,500 homes
Persimmon creates jobs
after strong year. Library picture
Housebuilder Persimmon Homes, which now owns Kent company
Hillreed, helped to create more than 1,600 jobs last year,
according to its regional boss.
The claim came after Persimmon confirmed it was on track to pay
shareholders £1.9bn over the next nine years after a strong
Chris Heney, south east director, said legal completions rose by
6% to 9,900 in 2012, at an average selling price of £175, 640.
Sales revenue rose by 12% to £1.72bn (2011: £1.54m).
The group’s profitability continued to improve and operating
margins for 2012 increased to 13% (2011: 10%). In the second half
Mr Heney said the opening of new sites was pivotal to the
success of the business.
“Overall, the group opened 125 new sites during 2012 and here in
the South East we played our part with our ongoing developments
throughout Kent, Surrey, East and West Sussex and new ones opening
in Dartford, Hailsham, West Malling and Lower Halstow.
“This all helped with local employment. Research shows that for
every new home built, up to five new jobs are created so in the
region last year we supported 1,640 jobs in the region.”
He was optimistic that 2013 would be even busier, with plans to
open a further 10 sites, including Iwade, Maidstone, Westgate on
Sea and Chatham.
Mr Heney added that the strong performance was critical to the
group’s wider objectives.
“The strategy aims to return £1.9bn (£6.20 per share) of surplus
capital to shareholders over a nine and a half year period ending
in 2021, whilst at the same time building a stronger, larger
Shareholders will receive 75p a share on June 28, subject to