The Berkeley Group Holdings (GB:BKG) has released an update.
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The Berkeley Group Holdings has announced its interim results, reporting a pre-tax profit of £275 million despite geopolitical challenges, and is on track to meet its profit guidance for the full year. The company launched a new growth strategy, Berkeley 2035, aimed at enhancing long-term shareholder value by investing £7 billion in land, a Build to Rent platform, and shareholder returns over the next decade. The strategy aims to maintain operating margins and grow net asset value per share, while addressing the UK’s housing demands, particularly in London.
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