Edenstone Group has appointed Glyn Mabey as chief executive to lead the transition and growth of the business into a fully mixed tenure residential developer. Martin Taylor, the co-founder of the business, is stepping into the role of chairman.
Glyn said “I’m honoured to have been asked to lead Edenstone as chief executive at this transformative time for the business. The industry has changed profoundly over the last few years due to economic factors, supply chain issues, the need to build more sustainably and a dysfunctional planning system. Developers need to be more imaginative in the way in which they work and, as an independent housebuilder, Edenstone has an advantage in having the ability to be nimble and flexible in everything we do. Mixed tenure development will be the key to growing the business and tackling the housing shortage by providing energy efficient homes people want and need.”
Now in its 21st year, the Edenstone Group has a great reputation as an innovative homebuilder, with an environmental conscience, keen to deliver sustainable solutions for modern living. Edenstone aims to bring zero net energy to all its developments by 2025. The company recently partnered with Octopus Energy to deliver homes that will enable people to live energy-bill free for at least five years, guaranteed.
Edenstone operates throughout South Wales, the South Midlands, the Westcountry and the South West of England.
Glyn highlights the delays in achieving planning consents for proposed developments and the associated impact on growth.
“Successive years of what has effectively been ‘anti-development’ policy action, by Central Government has created a backdrop of limited land supply and worsened homebuyer affordability,” he said. “Innovation, flexibility and the excellent execution of projects is essential to maintaining and growing a successful development programme. The new Government seems committed to supporting growth and my aim is to play a part in transitioning and growing Edenstone into a fully mixed tenure business to fuel that growth, developing homes for open market sale but also homes for public and private sector partners for rent and shared ownership.”
The company now has 130 direct employees between its Magor headquarters and across its development sites. It also provides significant additional employment opportunities via the associated supply chain.
Martin, who co-founded the business with his father Jeff in 2003, said: “Having known Glyn for 20+ years, when I heard he was relocating back to South Wales from the Midlands, I immediately knew he would be the ideal candidate to help take Edenstone through the next stage of its evolution. With Glyn at the helm the business is primed to adapt and grow into a fully-fledged mixed tenure residential developer.”