Higgins Homes Invests as Property Market Continues to Improve
Story posted: 7/04/2010
Essex based housebuilder Higgins Homes is continuing a spending spree on land as the housing market continues to strengthen and the recession draws to a close. The family run company, which was founded 45 years ago, has acquired four sites across London and Essex in the last four weeks and is due to exchange contracts on three more in the next few weeks.
Jeremy Marcus, Sales and Marketing Director, Higgins Homes, comments: “The housing market has been very turbulent over the last few years but we are certainly seeing the light at the end of the tunnel and our decision to purchase these exciting new sites shows our confidence in current market. These sites include our new flagship development at Bow Common Lane, Bow, E3 which is a short distance from the rapidly emerging Olympic Village and represents a classic example of Higgins Homes’ dedication to building in investable, immerging locations.”
The recently acquired site, Bow Common Lane, comprises 157 Studio, one, two and three bedroom apartments and two commercial units. The development is located on the banks of the Limehouse Cut and less than a half a mile from Langdon Park DLR station. The first apartments are due to be released for sale in Autumn 2010 with first completions expected in Summer 2011.
As well as the Bow Common Lane development, Higgins Homes has also purchased sites in Epping, Chigwell Row and Redbridge in Essex and is expecting contracts for two sites in Essex, including a school conversion, and one in London to be exchanged in the next few weeks.
Higgins Homes is currently developing houses and apartments across four counties. The sites include Battersea, Coggeshall, Hither Green, Maidstone and Stevenage.
