Why Durkan is eyeing rapid expansion through social housing stock upgrades

dan germann cropped

Contractor and housebuilder Durkan is pivoting towards improving existing stock for social landlords. Dan Germann, managing director of its rebranded Durkan Regen business, explains his plans to grow the asset regeneration arm to the tune of £100m over the next five years

The Durkan Group is shifting its focus from main contracting and wants to triple the headcount of employees in its recently rebranded housing maintanance and retrofit business over the next couple of years.

The pivot comes after what chair Daniel Durkan described in the companies’ latest financial accounts as ”two years of operating losses caused by challenging trading conditions in the housebuilding and construction markets, and unprecedented adverse macroeconomic headwinds”.

The group saw an increase in turnover this year, but it fell to a pre-tax loss due to an exceptional £9.3m fire safety remediation bill.

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