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BKG

Berkeley Group Holdings

Household goods & home construction

Index
FTSE 250
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Berkeley Group is a residential property developer focused on large, complex regeneration schemes in London, the South East and other supply-constrained UK locations, including a growing Build to Rent programme.

02

Key activities

Land acquisition, planning, development and sale of homes, regeneration of brownfield sites, mixed-use developments, affordable housing obligations and investment in purpose-built rental housing.

03

Key markets

London and the South East are the core markets, with selected developments elsewhere in the UK. Buyers include owner-occupiers, investors and institutional rental-housing partners.

04

Key drivers

London housing demand, mortgage rates, planning approvals, regulatory processing, land values, build costs, forward sales, Build to Rent expansion, cash generation and the pace of major regeneration projects.

05

Key risks

Housing-market weakness, high interest rates, planning delays, building-safety regulation, construction inflation, political changes to housing policy, large-project execution risk and exposure to the London residential market.

06

Recent Developments

24 June 2026: Berkeley reported £451m pre-tax profit, net cash of £363m and 4,203 homes delivered. It continued to prioritise share buybacks under Berkeley 2035 while highlighting difficult London planning, tax and regulatory conditions.

07

Dividend notes

Berkeley's 2035 capital-allocation framework allows returns through dividends or buybacks rather than a fixed dividend schedule. No dividends were paid in FY2026; £233m was returned through buybacks, which management currently views as more attractive while the shares trade below NAV.

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