Every few years or so it is customary for politicians to announce they will invest millions into building a new garden town or village to address Britain’s housing crisis. The reality rarely materialises. No new towns have been designated under the New Towns Act 1946 since 1970 (a fun pub fact for you) and voters are cynical about such promises.
Yet away from the political bluster, Urban & Civic is quietly developing huge sites with thousands of homes on brownfield sites outside London. Most are in their infancy but the rewards are likely to be considerable once more momentum builds. The shares are worth latching on to now.
The company had half-year results out yesterday, posting a 4.3 per cent rise in net asset value,