Lovell said housing developments in the North East helped support a record year in 2025, as parent company Morgan Sindall Group reported stronger revenue and profit across the group. Morgan Sindall said full-year revenue rose 10% to more than £5 billion, while adjusted operating profit increased 39% to £232.6 million. Within that, Lovell reported revenue of £903 million, up from £861 million, and operating profit of £42 million, up from £36.1 million.
The company highlighted several North East schemes in its update. In Newcastle, Lovell is working with single-family rental developer-operator Placefirst on Benwell Dene, a project to deliver 146 energy-efficient homes for long-term rent on a six-acre brownfield site in the west of the city. In Whitburn, north of Sunderland, construction started at Laurel Gate, where Lovell is building 32 homes on the site of a former pub. The business also launched Edward’s Birch in Morpeth, a 141-home scheme on land formerly part of the Northgate Hospital site.
Don Anderson, Regional Managing Director for Lovell in the North East, said: “The record results achieved by the Group demonstrate the strength and resilience of the business in what remains a challenging market. Continued investment in long-term partnerships has been key to the Group’s performance, exemplified in the North East by our collaboration with Placefirst at Benwell Dene.”
Anderson added: “Our track record of developing brownfield sites in the North East also reflects the wider Group’s commitment to long-term regeneration and placemaking. We’re proud of the contribution we are making to local communities and to the success of the business and look forward to building on those achievements in 2026.”
Lovell said it delivered more than 5,000 new homes last year, with 85% classed as affordable. The figures were published alongside Morgan Sindall Group’s full-year results announcement to the London Stock Exchange.
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