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PRESS RELEASE B Berkeley Group YEAR END RESULTS ANNOUNCEMENT 23 JUNE 2021 The Berkeley Group Holdings plc ( " Berkeley " ) today announces its audited results for the year ended 30 April 2021 . Berkeley is the country's leading place - maker , operating principally in London , Birmingham and the South East . We are a proud UK business specialising in the creation of beautiful , successful and sustainable places where communities thrive and people of all ages and backgrounds enjoy a great quality of life . Rob Perrins , Chief Executive , said : " Today's strong results reflect the consistent and focused application of Berkeley's uniquely long - term business model , the quality of the homes and places we create and our proficiency in adapting to the challenges of the pandemic , sustaining production throughout . In this environment , we have delivered results for this year and last in line with guidance at the start of the two year period ( which was before the pandemic ) , maintained our annual £ 281 million shareholder return and added ten new sites , with the capacity to deliver 6,650 new homes , to our land holdings . Safety has been our first priority over the last year , and I want to register my appreciation and admiration for our highly skilled people and partners for their diligence , ingenuity and expertise in managing such complex changes and implementing best practice Covid - secure protocols across our construction , sales and office settings . This period has shown the Berkeley culture at its very best ; helping ensure that throughout the pandemic we have met our commitments to our customers and local communities , without recourse to taxpayer support . We ended the year in great shape , with net cash of £ 1.1 billion , cash due on forward sales of £ 1.7 billion and the estimated future gross margin in our land holdings increased to £ 6.9 billion , with a further £ 0.6 billion in the near- term pipeline . This is a very strong platform from which to continue serving the most under supplied housing markets in the country once the disruption caused by the pandemic dissipates and London is again able to flourish as a global destination for culture , entertainment , education , recreation and business . London is one of the world's greatest open and welcoming cities and it has been wonderful to witness its vibrancy returning over recent weeks , with the gradual lifting of restrictions . People thrive on its energy , opportunity and unparalleled attributes . - Looking to the future , we launched an ambitious new ten - year vision “ Our Vision 2030 : Transforming Tomorrow " . This maintains Berkeley's leadership position in sustainability , providing a framework for the business that recognises both the complexity of what we do – transforming highly complex brownfield sites into flourishing , sustainable , connected and nature - rich communities – and the opportunity this presents to make a positive and lasting contribution to the economy , society and the natural world . This includes new science - based targets for climate change , which ensure Berkeley is aligned to the international effort to limit global warming to 1.5 ° C above pre - industrial levels . As part of our commitment to net biodiversity gain , we are now creating over 480 acres of natural habitats ; an area the size of London's Hyde Park . Berkeley's unrivalled land holdings now have capacity to deliver over 63,000 homes , of which over 70 % are on our 29 large complex regeneration sites . 23 of these are now in production , underpinning the business plan for the next ten years . The next three years will see further investment in work in progress as more of these sites approach the point of delivery and we now have over 11,000 people working on our construction sites , more than prior to the pandemic , supporting Berkeley's planned 50 % increase in delivery over the business plan period . This progress made in the last year and strong cash position provides Berkeley with a clear focus on increasing investment in its Group and joint venture land holdings , including further selective acquisitions . It also provides the visibility for Berkeley to announce a £ 450 million B share scheme , followed by a share consolidation , comprising £ 228 million of surplus capital and the remaining £ 222 million of scheduled annual shareholder returns for 2021/22 , subject to approval by shareholders . " -1-