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Fri 6 Jun 2008

Bellway goes green with eco-friendly homes

Bellway go green In an attempt to reduce their carbon footprint, Bellway East Midlands is currently building five residential eco-developments.
The schemes are being erected, in association with regeneration outfit, Meden Valley Making Places (MVMP), to deliver over 600 new homes to Meden Valley in the north Nottinghamshire and North Derbyshire regions.

The green-friendly projects will offer homebuyers the opportunity to recycle, save energy and preserve water.

Mark Oddy of Bellway East Midlands, commented: “All the homes at these five developments feature lots of environmentally-friendly installations. Visitors to the sites are always intrigued and amazed by the efforts of Bellway in trying to ensure that it contributes to saving the planet.

“Each of the developments offers many housetypes, so they attract a range of homebuyers. These homes are excellent for larger families because they’re so energy efficient, therefore more money can be spent on doing fun things, rather than on paying the household bills.”

Ben Smith, sales director for Bellway East Midlands, said: “The eco homes are a great achievement for us. Going green is something we are passionate about, and as we work alongside MVMP to regenerate key areas, this is just the latest in a series of accomplishments, with plenty more to come.”

The developments include Manvers Gardens in Mansfield Woodhouse, Poulter View in Whaley Thorns, William Wood Park in Warsop Vale, Kingswood Park in Market Warsop and Phoenix Rise in Pleasley.

Related news:
Bellway has cut its profit margin forecast by 1.5%, after recording a 31% fall in reservations since the beginning of February.

A company statement said: “Lower volumes combined with the wider use of incentives will result in the operating margin being eroded by 1 to 1.5% when compared with the figure for last year of 18.7%.”

Bellway has also revealed that it expects to sell fewer homes, than it had initially predicted this year.

“Whilst we had anticipated a fall of around 5 to 10% in the number of homes sold, compared to last year’s level of 7,638, it is now expected that the fall will be in the range of 10 to 15%.”
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