THE Edenstone Group is set to deliver hundreds of new homes across the South West after acquiring five sites across the region.

A year after opening its Southern office in Portishead, the homebuilder revealed it had secured land with an estimated completed sales value of more than £100 million.

In Somerset, the company plans to build new homes in Bleadon and East Brent, with further homes planned in Sampford Peverell in Devon.

Further acquisitions across the South West will soon be announced.

Edenstone Group managing director Martin Taylor said: “After almost two decades operating in South Wales and in the Three Counties, we felt confident in our decision to move into the South West of England. It’s heartening to have that confidence validated with sites coming to fruition.

“What’s particularly encouraging is that the land community in the region is gradually getting to know more about us and the straightforward way in which we operate. This is producing commercial opportunities for us, while furthering our objective of building genuine communities and developing a business which, whatever the prevailing conditions, has solid foundations and prospects.”

Paying tribute to the team, he added: “It’s gratifying to pause at this anniversary moment to acknowledge our achievements. We have put together a highly capable, ambitious team, totally committed to making our operations in the region a long-term success. We are confident in our ability to continue making our mark over years to come.”

Edenstone’s Southern land director James Morgan said: “We couldn’t have asked for a more positive start to our trading in the South West region.  Acquiring sites has been highly competitive over the last year and this could have potentially presented an extra challenge to us as perceived newcomers in the area.

“It demonstrates that vendors, agents and promoters recognise that we are very much open for business and a good development partner – a message we continue to spread.”

While Edenstone is a relatively new name in the South West, the business is preparing to celebrate its 20th anniversary next year.

Expanding into the South West is part of the group’s growth plan of achieving £100 million turnover by 2023.

“There’s little doubt that the industry now faces new challenges, but we are confident that Edenstone is well-placed to deal with these head-on. Our track record in other regions, built up over 20 years, together with our financial stability undoubtedly helps,” James added.

“Our readiness to be imaginative in the way we look at deal structures, our reputation for no-nonsense process, our ability to take quick decisions because of short reporting lines and our capacity to execute quickly because of in-house legal delivery, have all played their part in our progress and will continue to do so.”

For more information about the Edenstone Group, see https://edenstonegroup.com.