Plans to build 2000 Homes

Bellway PLC
12 August 2002

                                  Bellway PLC




                Bellway Unveils Plans to Build 2000 London Homes


 Bellway, the local, national housebuilder has unveiled plans to develop 2,000
              homes within the catchment area of the M25 motorway.


Bellway Homes, one of the country's leading housebuilders will be developing six
sites, all strategically placed within convenient travelling distance of the M25
and central London. The programme of work all on brownfield sites is due to
commence this August and will run over a three year construction period.


The sites at Stepney, Bromley by Bow, High Wycombe, Ruislip, Newbury Park,
Hither Green and Wembley provide for a mix of tenure and house types. More than
600 units will be categorised as affordable housing or key worker accommodation.


The Stepney development is the first large-scale scheme of its type to receive
planning permission for key worker accommodation, and as such is a landmark
project that will enhance and integrate with the wider regeneration of Tower
Hamlets. The development is being run in partnership with the East Thames
Housing Group and a consortium of Social Landlords.


In Ruislip at Somerset Place, Bellway are constructing a development totalling
168 properties of mixed tenure, where homes will be available through shared
ownership and rented solutions. Priority will be given to council and housing
association tenants. Key worker housing will be available on shared ownership
basis for teachers working in the Hillingdon area.


John Watson, Bellway Chief Executive said, 'There is clearly an urgent demand
for suitable accommodation that provides for affordable housing in the capital.
These developments complement our strategy of organic growth and build upon our
reputation for working in partnership with local authorities and Social
Landlords, and will provide family orientated accommodation at affordable
prices.


The fact that all the sites are located within a short distance of major
transport corridors mean that the developments will relieve some of the
financial pressures for people commuting and working in London. Once complete
these homes will add a significant contribution to the housing stock, whilst
supporting Ken Livingstone's London Plan.'




Ends


Further information           Julian L Kenyon

                              Group PR Manager

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