The six months following the £25 million investment to the business has been busier and more successful that we could have dreamed of.
Prowting Investments plc took a minority 30% shareholding in Bargate at the beginning of the year and since then we have been rolling out our strategic expansion plans, including making a number of key appointments, undertaking a larger number of developments across the southern region and even being shortlisted for four awards.
The investment has not just been beneficial to Bargate, but has boosted the construction industry in the south with more jobs and has had a significant impact on the regional economy by providing much needed housing.
During the last year Bargate has launched a number of new developments, including
Parkwood in Winchester, Allbrook Meadow in Allbrook, Chailey Court in Basingstoke, Gainsborough Chase in Barton Stacey, The Old Fire Station also in Winchester, all of which are selling off plan, in some cases even before construction has started.
Bargate’s pipeline of new developments is even more impressive, with new homes coming to Waltham Chase, Fair Oak, Winchester, Lower Upham, Rowlands Castle, Medstead, Romsey, Ropley and Waterlooville.
Bargate chairman Gerard Price said: “We have had a phenomenal six months – none of us could have predicted the success and so quickly. But we are not resting on our laurels.
“When we first secured the investment from Prowting it was a huge vote of confidence in the whole Bargate team and the business we had built up over seven years – despite the economic backdrop. We knew it would enable us to progress our plans, but what we didn’t foresee was the public’s reaction to our homes.
“Our ethos has always been to build quality, bespoke homes, in places where people actually want to live and to a standard that we will be proud of in years to come. It sounds such a simple idea, but it works. It’s what or reputation is built on, so much so people are prepared to buy the homes before they’ve even been built!”