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PRESS RELEASE B Berkeley Group INTERIM RESULTS ANNOUNCEMENT 8 DECEMBER 2021 The Berkeley Group Holdings plc ( " Berkeley " ) today announces its unaudited interim results for the six months ended 31 October 2021 . Berkeley has transformed over the last five years by investing in large - scale , complex sites in London and the South East to create a unique and unrivalled business . It has a passion to create new neighbourhoods which truly add to existing local communities , and is leading on creating social value , enhancing nature and tackling the climate and skills challenges . Rob Perrins , Chief Executive , said : " This is a strong set of results , including enhanced returns for our shareholders . High standards of design and place - making continue to differentiate our homes and neighbourhoods , excite customers and deliver a range of positive outcomes for our stakeholders . The performance reflects Berkeley's conviction and investment in its strategy over the last 18 months , which is focused on London and the South East , the country's most under - supplied housing markets , in spite of the challenges presented by the pandemic , supply chain constraints and regulatory environment . Over this time , we have continued to deliver in line with our uniquely long - term operating model , progressing construction across our portfolio of 64 live projects . These include 30 long - term , highly complex regeneration sites , of which 25 are now in delivery . The visibility this provides , coupled with a resilient sales market , now enables Berkeley to increase its earnings guidance for the current financial year by 5 % . Thereafter , we anticipate 5 % annual pre - tax profit growth for the next three years which will see Berkeley deliver approximately £ 625 million profit in 2024/25 , by when we will have increased our volumes by 50 % from pre - pandemic levels . Berkeley is unique in having the capital , resources and expertise to regenerate this number of highly complex large - scale sites , with each one requiring a bespoke and holistic place - making strategy to stitch it back into its surrounding community and unlock its potential in terms of economic , environmental and social value . The significant majority of our sites under construction ( 83 % ) are located on brownfield land and we warmly welcome the Government's renewed focus on supporting brownfield regeneration through its anticipated planning reforms . To be successful , these will need to address the regulatory barriers to brownfield regeneration . I am delighted to report on our progress against our industry leading sustainable business strategy , Our Vision 2030 , including important early steps towards our 1.5 ° C aligned science - based carbon reduction targets . Highlights include expanding our use of low carbon biofuels and hybrid machinery , embedding heat pump solutions within development design and completing our first site - specific embodied carbon studies to help us identify and mitigate carbon intensive processes and materials within the full life cycle of our developments . The period also saw the Environment Bill pass into law , confirming the welcome news that all new developments will be required to deliver a net biodiversity gain ( NBG ) of at least 10 % . Berkeley is very proud to have laid the path for this hugely positive change , having put NBG into practice on 43 sites and proved that homebuilding can be a powerful driver for nature's recovery . Our first 43 NBG strategies will create around 500 acres of new or measurably improved natural habitats , an area larger than Hyde Park . I would like to take this opportunity to thank all of our people for their tremendous efforts and commitment to achieve these results in what remains such a difficult time for all . " - 1