Property consultancy Wakemans has been appointed on residential projects valued at about £100 million over the last six months, it revealed yesterday.
The firm typically acts as quantity surveyor, project manager, employer's agent and planning supervisor for major national and regional developers working on a broad range of schemes, from apartments and starter homes to luxury detached houses.
"We are capitalising on our experience and established relationships with industrial and commercial developers to enhance our credentials with companies specialising in residential," said Wakemans director of client services James Shelley.
"We have been actively growing this area of our business over the past three years and, despite the much talked about slowdown in house building, we are seeing a sustained level of activity in residential developments and mixed-use schemes incorporating a residential element," he added.
Wakemans is working with a number of developers, such as Cala Homes, Crest Nicholson and Redrow on projects throughout the West Midlands, including Sutton Coldfield, Cannock, Stafford, Wolverhampton and Solihull, and recently concluded a partnership agreement with Lichfield-based Fresh Space Developments.
FSD specialises in quality schemes that meet local market needs, covering the entire residential spectrum from one- and two-bedroom starter homes to large executive properties in sought-after locations.
Acting as quantity surveyor and project manager, Wakemans monitors construction quality and contractors' cost schedules to ensure projects meet the specified standards and are completed on time. The firm is currently working on a number of Fresh Space projects throughout the Midlands.
"Despite the fact that consumer borrowing is at an all time high, demand for housing has not fallen as sharply as some analysts had forecast and with interest rates remaining low, money is still cheap to borrow," said Mr Shelley.