Redrow Group PLC
13 June 2000
REDROW GROUP ANNOUNCES NEW OPERATIONS
Redrow Group plc is opening a new office for Redrow Homes in South Wales and
introducing Harwood Homes to Yorkshire. In addition, the Group is officially
opening its new office in London and is relocating Redrow Commercial to
Manchester.
The Group has significantly increased its activities in South Wales in recent
years. The new office for Redrow Homes in Cardiff will enable the Group to
build on this whilst the existing Bristol office will focus on its successful
expansion in the South West of England.
The impressive growth record of Harwood Homes continues with a new operation
in Yorkshire expanding the Harwood brand to four geographical areas. The
Group will offer a product range through Redrow and Harwood to meet the needs
of the market in this region.
Redrow Homes in central London is being officially launched demonstrating the
commitment to this important market. The latest development in Docklands,
Odyssey, an £85 million scheme of 419 apartments is due for sales release in
the near future.
The importance of mixed use developments is recognised and Redrow Commercial
is relocating to central Manchester. This is one of the UK's leading
commercial property markets and will provide the opportunity to establish
closer links to agents and other professionals in the sector.
Paul Pedley, Chief Executive, comments 'The Redrow Group has achieved a 21 per
cent compound growth rate in pre-tax profits in its first five years as a
public company. These expansion plans together with development of existing
operations should provide for continued progress in the coming years'.
For further enquiries please contact:-
Neil Fitzsimmons - Tel: 01244 520044
Finance Director
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