Berkeley Group Holdings

Initially focused on the home counties, it floated on the Unlisted Securities Market in 1984 and expanded geographically to the west, the south midlands, and East Anglia throughout that decade.Throughout the early 1990s, Berkley Group completed numerous acquisitions and created several joint ventures with other businesses; it also started to focus on major urban regeneration sites in big cities around this time.[6] Following the flotation, Berkeley Group expanded geographically to the west, the south midlands, and East Anglia; it also formed a joint venture, St George, to build in central London.[4][13] During February 2001, Pidgley Junior resigned from his position on the board, citing differences of opinion over the direction of Berkeley Group; he subsiquently founded the rival building comapny Cadenza.In 2003, it announced the deferred sale of Crosby Homes; the reduction in scale was intended to generate surplus cash, and a scheme of arrangement to return £1.45 million to shareholders was launched in 2004.[19][20] During early 2013, a report compiled by Berkeley Group called for local authorities to acceleration decision making, stating that it could create 420,000 jobs in the construction sector and help the nation avoid a recession.[22] In November 2014, Berkeley Group and National Grid plc established a joint venture, St William Home, valued at roughly £700 million.[28] In June 2020, the company announced it was consulting on up to 200 redundancies,[29] and revealed its pre-tax profits were down 35 per cent, accompanied by falls in both sales and revenues, which were claimed to be in part due to the pandemic.[44] Large examples of operations include community facilities with village-sized neighbourhoods which are green-buffered and constructed closes of apartments and houses; for example, a scheme in Bracknell for 750 new homes, a primary school, extra care facility, roads, landscaping and local shops to be constructed on mixed-use land to expand the Warfield suburb, beside the town's computing and headquarters business parks.[50] LFB's Roe said he uncovered similar defects at other Berkeley developments, including one in Reading and at Holborough Lakes, where the 2017 fire destroyed a block of flats with the same timber-frame construction as Richmond House.[54] The government, media and the UK Cladding Action Group called on developers to pay for the remediation works, as some leaseholders had already declared bankruptcy over the fire safety costs.