The UK housebuilder's decision comes as the company continues to experience growth in outer London and the Home Counties, as well as strong strategic land pull-through in the Thames Valley region.
The division, which will also cover the surrounding counties, will be headed up by recently appointed Managing Director, Rameen Firoozan, former Regional Managing Director at Berkelely Group's Oxford and Chiltern division. The new division is expected to make a contribution to the Group's turnover in the financial year ending June 2020.
-- Advertisement --
Mr Firoozan will be responsible for appointing a new Thames Valley team in due course, as well as finding a location for the new offices, with the division set to formally launch in summer next year.
John Tutte, Group Chief Executive, said: "Outer London, and particularly the areas just outside of the M25, are a growth area for Redrow.
"Redrow already has a successful presence in Reading, Bracknell, Oxford and High Wycombe, therefore it makes sense to open a permanent regional office within the area. Rameen is a very experienced Managing Director, with in-depth knowledge of the region, and we look forward to working with him to create the new division."
Rameen Firoozan, Managing Director of Redrow Thames Valley, said: "I am very excited to be joining Redrow and I have strong ambitions for the performance of this region due to the strength of the housing market here and subsequent investment in the area. The amount of land availability, coupled with the connectivity of the region, means there is an opportunity for us to offer customers more choice through our award-winning Heritage Collection."
(LM/MH)
