The new division will cover from north London to Warwickshire, including the commuter heartlands of Bedfordshire, Buckinghamshire, Hertfordshire and Northamptonshire. It is led by managing director Ben Miller, who was previously Crest Nicholson’s development director in the southwest.
Chief executive Stephen Stone said: “Strong purchaser demand for new homes continues to underpin a buoyant housing market and our business is well positioned to deliver volume growth in a disciplined manner. It is therefore a logical next step to reassert our presence in the Chiltern area. We have a long and successful history of developing in the region and under the very able leadership of managing director Ben Miller, this targeted focus enables us to increase our presence and outlet breadth, thereby cementing our position as one of the leading developers in southern England.
“With the confirmed continuation of Help to Buy until 2020 and sustained wider economic growth in the UK, we are confident this investment in a region of high growth markets is a strong move for the business.”
The first developments to fall under Crest Nicholson Chiltern’s remit will be; Monksmoor Park, the emerging garden village in Daventry; Nash Mills Wharf in Hemel Hempstead; Dorridge Gate in the Midlands; and Appleby Grove in Welwyn Garden City.