Developer to Build 1,000 London Homes In 36 Months
As part of ME Developments strategy to deliver £400m of new homes over the next 36 months, the Surrey-based residential developer has announced the formation of an Advisory Board and the appointment of a Non-Executive Chairman.
Bashir Ahmad, CEO of Halkin Investments, becomes ME Developments’s Non-Executive Chairman.
ME Developments has plans to expand across the Home Counties and outskirts of London, benefitting from a buoyant residential property market. This market activity has increased the availability of innovative funding available from institutions and international investors who recognise the opportunity in the UK’s residential property sector.
The company has plans to build over 1,000 houses and apartments over the next three years.
ME Developments is a vertically integrated developer with in-house construction, planning and design teams and its chain of estate agencies, all of whom will facilitate the expansion plans.
As part of the company’s plans, it has formed a separate division, ‘ME City’, seeking to embark on a series of 200+ unit urban regeneration schemes working in tandem with landowners, shopping centre operators and local authorities. ME City will embark on a plan to revive and bring life back to high streets by combining commercial, residential, and leisure uses.
Simon Marshall, Co-founder and CEO of ME Developments, said: ”As we expand, their experience and guidance will be fundamental to our success and help us achieve our 1,000 homes in 36 months target. Beyond that, we are committed to making ME Developments one of the UK’s leading residential developers contributing positively to the UK economy and creating jobs.