Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

4,087.00p
   
  • Change Today:
    -94.00p
  • 52 Week High: 4,457.00
  • 52 Week Low: 3,165.00
  • Currency: UK Pounds
  • Shares Issued: 108.44m
  • Volume: 78,222
  • Market Cap: £4,431.75m
  • RiskGrade: 234

National Grid sells stake in St William JV to Berkeley

By Michele Maatouk

Date: Tuesday 15 Mar 2022

LONDON (ShareCast) - (Sharecast News) - National Grid has announced the sale of its entire 50% stake in the St William Homes joint venture to Berkeley Group for £412.5m in cash.
The two companies have also entered into a series of sale and purchase agreements for a number of additional sites owned by National Grid which are expected to complete over the period to 2025 for a total of around £270m.

There is also a deferred consideration of £230m in respect of sites previously sold to St William payable by Berkeley over the period to 2031.

St William was formed in 2014 as a joint venture between National Grid and the Berkeley Group to develop previously industrial sites into residential developments in London and the South East UK.

"As these sites are now largely transitioned, it is the natural time for National Grid to crystalise its investment, whilst allowing Berkeley Group to focus on the delivery of these sites," the company said.

Through the acquisition, Berkeley is gaining full control of 19 sites already in its land holdings (12,600 homes); two sites already in its near-term pipeline (2,600 homes); and three new long-term sites that will be included in the near-term pipeline (approximately 5,000 homes).

The company's chief executive, Rob Perrins, said: "This is a fantastic transaction for Berkeley and National Grid. The vision of our innovative partnership was to take National Grid's redundant gasholder sites and stitch them back into their local communities; transforming them into well-connected, nature rich, beautiful places with low carbon homes and new amenities.

"With 24 sites now in St William, this is the natural time for National Grid to realise its investment and for Berkeley to focus on bringing all of these sites into delivery and helping meet the housing need of London and the South East."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BKG Market Data

Currency UK Pounds
Share Price 4,087.00p
Change Today -94.00p
% Change -2.25 %
52 Week High 4,457.00
52 Week Low 3,165.00
Volume 78,222
Shares Issued 108.44m
Market Cap £4,431.75m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.42% below the market average32.42% below the market average32.42% below the market average32.42% below the market average32.42% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
14.55% above the market average14.55% above the market average14.55% above the market average14.55% above the market average14.55% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
34.52% above the market average34.52% above the market average34.52% above the market average34.52% above the market average34.52% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
73.65% below the market average73.65% below the market average73.65% below the market average73.65% below the market average73.65% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 5
Sell 2
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKG Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 18-Aug-22 04-Mar-21
Paid 09-Sep-22 19-Mar-21
Amount 21.25p 9.13p

Trades for 31-Jan-2023

Time Volume / Share Price
12:20 1 @ 4,086.00p
12:17 17 @ 4,086.50p
12:17 2 @ 4,087.00p
12:15 36 @ 4,085.00p
12:15 59 @ 4,086.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

Top of Page