Burrington Estates has appointed David Jervis, the former head of Spitfire Bespoke Homes, to lead its expansion into the Midlands as it embarks on an ambitious growth plan. The Exeter-based residential and commercial developer has grown into a thriving business in the South West with a turnover of £70m in 2020. It is now seeking to replicate the success of its housebuilding business in the Midlands and Central England with David spearheading the new division.
David has a strong track record in initiating homebuilding ventures in the Midlands. A former chartered surveyor, he set up Spitfire in 2010 as the residential development arm of IM Properties and within seven years, he had built it up into a business with a turnover of £100 million. He also successfully launched another homebuilding business prior to that when he set up Chase Homes in 1995 on behalf of a Midlands entrepreneur.
The growth of Burrington Estates is supported by a new £15.5m investment from BGF, the UK and Ireland’s most active investor, through which it aims to treble turnover in the next five years. Of this new funding, £13.5m will support the expansion of the new homes business, with the remaining £2m focusing on commercial property projects. Within the new Midlands and Central region, land has already been secured in locations in Oxfordshire, Warwickshire and Berkshire for sites that will generate £100m in turnover.
Burrington Estates was founded in 2013 by Mark Edworthy and Paul Scantlebury. It has completed more than 400 homes in the South West during the past five years and its current portfolio of sites has a GDV of £300m. Its target is to reach 600 homes per annum by 2025.
Mark Edworthy, Co-Founder of Burrington Estates said: “We are proud of what we have achieved over the past eight years in establishing Burrington Estates as a successful brand across Devon and Cornwall, known for delivering excellent homes and high quality places to live. David will be pivotal in our ambition to repeat this success in the Midlands. His experience perfectly aligns with what we aim to achieve and we are pleased to welcome him to the team.”
David Jervis, MD of Burrington Estates Midlands said of his new appointment: “This is an exciting time for Burrington Estates and I am delighted to be part of it – we are in a strong position to drive forward our growth plans thanks to the backing of the BGF investment. This also dovetails with the opportunity in the market to deliver sites that are characterised by good design and attention to specification and detail, as well as excellent standards of customer service. We are now actively looking for land opportunities across the Midlands and surroundings, down as far as the northern Home Counties, and we are already building up a strong pipeline of sites across the new region.”