Lovell announces £58m worth of new contracts
Published by Max Salsbury for 24dash.com in Housing and also in Development
State of the new-build housing market in South East England
Affordable housebuilder Lovell has picked up £58 million worth of new business in 2013's third quarter.
Recent contract wins include a three-year £21m project to refurbish homes for Northampton Borough Council; a five-year £7.5m project to refurbish homes for Warwick District Council; and several projects for Birmingham Municipal Housing Trust, building new homes across the city.
The firm is also set to start on several projects funded or part-funded by ECO (Energy Companies Obligation). One of the projects begins next month, with the company working with WM Housing Group on a project to provide external wall insulation and associated works to over 700 homes in Coventry.
Lovell has also been appointed to the British Gas National Framework, which is likely to involve many ECO projects.
David Gough, regional director of Lovell, said: “Everyone in the industry knows how difficult trading conditions have been in recent years so we are pleased to have such a strong order book. It has not come about by accident, though, and has required great determination and effort from the whole team who have not only maintained a high level of service for existing clients but have also sought out new work where we can apply our expertise to maximum effect.
“We are now beginning to see some larger projects up for tender as well as the smaller ones that have really characterised recent years. I see this as a positive sign of some confidence in the economy returning.”