Galliard Homes, billed as London’s largest privately-owned developer, is targeting major expansion over the coming years, with £1bn development plans.
Galliard Homes has appointed former Grantchester Holdings finance director Paul Huberman as a non-executive director to advise on corporate growth.
There has even been speculation that this is a precursor to a stock market flotation bid.
In November 2014 Galliard Homes established a 50:50 joint venture, Galliard Developments, with private investment company Cain Hoy to invest up to £225m in new residential projects over the next three years, enabling over £1bn of new development. This is in addition to the 4,000 homes already being constructed. Paul Huberman will advise on corporate disciplines and structuring as Galliard Homes undertakes this expansion.
Chairman and chief executive Stephen Conway, who set up Galliard Homes in 1992, said: “With his corporate and financial expertise and his pedigree with major property companies, Paul Huberman’s skills will assist Galliard Homes as it expands its operations and development pipeline over the next three years. We have had a very successful start to 2015 with over £1.2bn of forward sales and 80% of our existing portfolio now forward sold.”
Mr Huberman said: “Over the next few years Galliard Homes will significantly increase the size of its operations. This expansion requires enhanced corporate structuring and disciplines which I have successfully implemented in similar companies.”
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