Robust Forward Order Book Should Support Berkeley Through Imminent Housing Market Softness

Berkeley Group’s focus on large-scale, capital intensive brownfield redevelopment projects distinguishes its strategy from its U.K. homebuilding peers'. Brownfield projects involve the redevelopment of land previously used for commercial or industrial purposes that is not currently in use. Berkeley is the only U.K. residential developer that regenerates large complex brownfield sites at scale and is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain. Operating in this niche, Berkeley typically deploys capital into regeneration sites in built-up areas, with a particular focus on the housing markets of London, Birmingham, and the south of England.