Urban Splash, the renowned property developer, has seen a decrease in turnover following a slowdown in their in-house construction projects. This news comes as a surprise to many in the industry, as Urban Splash has long been known for their innovative and successful developments. The company’s turnover for the year was reported to be down by 26% compared to the previous year, with in-house construction accounting for a significant portion of this decline.
Despite this setback, Urban Splash remains optimistic about the future. They have continued to focus on their core strengths, including residential and commercial property development, as well as modular housing. The company has also been exploring new opportunities in areas such as student accommodation and retirement living, which they believe will help to drive growth in the coming years.
Urban Splash’s modular housing division, House, has been a particular bright spot for the company. The division has seen strong demand for its innovative housing solutions, which offer high-quality, sustainable homes at an affordable price point. House has recently secured a number of high-profile projects, including a development in Milton Keynes that will see the construction of over 200 modular homes.
In addition to their modular housing projects, Urban Splash has also been active in the residential and commercial property markets. The company has completed a number of successful developments in recent years, including the regeneration of Ancoats in Manchester and the creation of new office spaces in cities such as Birmingham and Sheffield. These projects have helped to solidify Urban Splash’s reputation as a leading developer in the UK.
Despite their recent challenges, Urban Splash remains committed to delivering innovative and high-quality developments that enhance the built environment. The company’s focus on sustainability and design excellence continues to set them apart from their competitors, and they are confident that they will be able to weather the current economic challenges and emerge even stronger in the years to come.
Overall, while Urban Splash may have experienced a temporary slowdown in turnover, they are well positioned for future growth. With a strong pipeline of projects in the residential, commercial, and modular housing sectors, as well as a commitment to sustainability and design excellence, the company is poised to continue making a positive impact on the UK property market for years to come.
