Pushing forward with exciting new plans following strong year of sales
We're delighted to announce that we're pushing forward with a number of exciting new plans after we exceeded our surplus target for 2018/19 and achieved a 4 star NHBC customer satisfaction score.
The surplus target was successfully exceeded following the sale of 199 homes across the North East, returning in the region of £4m back to our parent company, Gentoo Group, which can now be reinvested back into the Group’s affordable housing provision in Sunderland.
We saw strong sales at developments right across the North East region, with particular success at our hugely popular Cottier Grange development in the heart of the Tyne Valley, the first phase of which sold out well ahead of programme.
We also recently launched our highly anticipated new show home on our premium Lanchester Rise development in County Durham, which is to be followed by the launch of our Sandpiper View scheme in East Boldon, for which we've already received an unprecedented 800+ expressions of interest on its 18 properties.
We're also excited to be pressing ahead with exciting plans to build more than 600 new homes across the North East over the next few years, of which 326 have planning permission, including the first phase of properties at our new flagship Chester Gate site at the gateway into Sunderland, as well as exciting schemes on the horizon in Chapel Park, Doxford Park and Marsden.
This follows our recent reappointment to Newcastle City Council’s Developer Framework earlier this year, which will us continue to help deliver much needed, high quality new housing across Newcastle.
Anthony Lowther, Managing Director at Gentoo Homes, said:
“We’re extremely delighted with yet another strong year of sales, but more importantly a strong year of positive customer feedback on the homes we are delivering for people across the North East. I’m really proud of the homes we build and the team we have in place here at Gentoo Homes – well done to everyone for contributing to another highly successful year.”
Nigel Wilson, Chief Executive Officer at parent company, Gentoo Group, said:
“Gentoo Homes is a great success story and continues to play a really important role in delivering a wide variety of new homes for the people of the North East, whilst delivering an invaluable surplus back to Gentoo Group, so we can continue to deliver on our social purpose and help local people through the provision of affordable housing and additional support services in Sunderland.”