County Durham property and renewable energy firm The Banks Group is set to create a raft of new jobs after launching a new regional housebuilding company.
Banks Homes will focus on sites of all sizes across the North East and Yorkshire, and will be managed from the family firm’s Durham headquarters and Harewood office near Leeds. Russ Hall, managing director at Banks Property, has outlined how the firm will be an independent operation and that it will look to acquire sites from other developers while also seeking out its own market opportunities. Meanwhile, Banks Property will continue to work independently with UK housebuilders, as it has done over the last 35 years.
Banks Homes has already acquired its first two development sites, which will mark the formal launch of the company, and it expects to have its first properties ready in the first half of next year. A number of new jobs are being created within the new business, with Banks Homes looking to make substantial investments in the regional economy by working with a series of contractors on the construction of each new residential development.
