Housing association built 1,250 homes in 2005 as turnover grew 53% to £45.5m
Places for People, the UK’s biggest housing association, has published its annual review revealing a 53% increase in property sales turnover and the development of more than 1000 new houses.
The report shows that the group has assets of £2.3bn and is responsible for managing more than 58,000 homes.
Property sales turnover climbed 53.25 to £45.5m compared to £29.7m in 2005 while overall group turnover rose 10% to £255m.
Places for People also reported that it developed 1,250 new homes and plans to increase this by 4000 by the end of the decade.
Chief executive David Cowans said: “This has been another productive and progressive year for Places for People, in which we have significantly expanded upon on our vision of creating successful and vibrant communities in areas where people want to live and work."