North East developments contribute to record results for Lovell
Lovell housing developments in the North East have contributed to record results for the national partnership housing specialist.
Parent company Morgan Sindall Group plc delivered a strong performance in 2025, with Group revenue increasing by 10 per cent to over £5 billion, while adjusted Operating Profit increased by 39 per cent to £232.6 million.
Developments in the North East which supported the business’s wider success in 2025 included regeneration projects in Newcastle, Whitburn, and Morpeth.
One of these is Benwell Dene, a partnership with single-family rental developer-operator Placefirst to deliver 146 energy efficient homes for long-term rent on a six-acre brownfield site in the West End of Newcastle.
Construction work started at Laurel Gate in Whitburn, north of Sunderland, where Lovell is building 32 new homes on the site of a former pub. And Lovell also launched Edward’s Birch, a 141-home development on land previously part of the Northgate Hospital site in Morpeth.
Don Anderson, Regional Managing Director for Lovell in the North East, said: “The record results achieved by the Group demonstrate the strength and resilience of the business in what remains a challenging market. Continued investment in long-term partnerships has been key to the Group’s performance, exemplified in the North East by our collaboration with Placefirst at Benwell Dene.
“Our track record of developing brownfield sites in the North East also reflects the wider Group’s commitment to long-term regeneration and placemaking. We’re proud of the contribution we are making to local communities and to the success of the business and look forward to building on those achievements in 2026.”
The record results for Lovell contributed to parent company Morgan Sindall Group plc’s full-year results announcement to the London Stock Exchange.
Revenue increased by five per cent to £903 million (2024: £861 million), while operating profit rose 16 per cent to £42 million (2024: £36.1 million).
Last year, Lovell delivered more than 5,000 new homes, with 85 per cent of these homes affordable - a benchmark that matched previous years’ performance.