22nd September 2017
Housebuilder invests £550,000 in machinery as part of expansion
Lincolnshire housebuilder Chestnut Homes is to make a £550,000 investment in new machinery as it embarks on a new era of expansion.
The developer, which celebrates its 30th anniversary in 2018, will add nine brand new telehandlers to its fleet before the end of the year.
The new machines, which will be used for lifting building materials on the developer’s sites across the county, will replace the existing fleet of telehandlers, which are between 10 and 15 years old.
The purchase, which will be made through TC Harrison JCB of Lincoln, comes as Chestnut Homes – based in Langworth, near Lincoln – is entering a new period of growth, with several major projects in the pipeline.
Work has already begun on The Quadrant, a mixed-use scheme which will deliver 500 new homes and a new community stadium for Boston, while the housebuilder also has plans for a 275-home development in Dunholme and a third phase of homes at Manor Farm in Bardney.
David Newton, Managing Director of Chestnut Homes, said: “The purchase of these new state-of-the-art telehandlers represents a significant investment in our fleet of machinery and underlines our commitment to delivering high-quality developments across Lincolnshire in the years to come.
“The new machines will improve efficiency on our sites, enabling us to deliver much-needed new homes in more locations to meet the continued demand, and we look forward to seeing them working.
“This is a very exciting time for Chestnut Homes. We have just come off the back of our most successful financial year to date and we are looking ahead to celebrating our 30th anniversary next year.
“We’re delighted with how the company has grown since it was founded in 1988, and our aim is to continue this expansion in the years ahead, building more new homes and increasing our workforce in the process.”
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