Lincoln

Chestnut Homes marks record breaking year on new home sales

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Langworth-based developer Chestnut Homes has enjoyed a record breaking year on new home sales.

The 28-year-old company saw its number of legal completions on new home sales rise by 61% during its last financial year, which ran from October 2015 to October 2016.

In the same period, the developer’s turnover rose by 51% against the previous financial year.

Chestnut Homes is currently building homes in Lincoln, Alford, Boston and Scothern and has just completed work on the second phase of homes at Kings Manor in Coningsby, where work on the third phase has just begun.

The company hopes to continue its growth in the new year by expanding its workforce.

The company already has a number of projects lined up for the new year including The Quadrant, a mixed-use scheme which will include a new Community Stadium for Boston United Football Club as well as the first phase of a 275-home development in Dunholme.

David Newton, Managing Director of Chestnut Homes, said: “I am delighted that we have achieved our most successful year to date in 2016 and would like to pay tribute to everyone at Chestnut Homes who have worked so hard to make this possible.

“We are already looking forward to building on this success in 2017, when work will begin on a number of new developments.”