Bumper year for Quadrant property firm

The property business behind Boston’s high-profile Quadrant development is celebrating continued growth after completing the most successful year in its history.

Chestnut Homes saw its number of legal completions on new home sales rise by 61 per cent during its last financial year, which ran from October 2015-2016.

In the same period, the developer’s turnover rose by 51 per cent against the previous financial year.

The bumper year comes as Chestnut Homes looks ahead to developing several new sites in 2017 and further boosting its workforce, including The Quadrant, a mixed-use scheme which will include a new Community Stadium for Boston United Football Club.

David Newton, managing director, said: “We have been building quality new homes since 1988, and I am very proud of the way the company has grown in that time.

“I am delighted that we have achieved our most successful year to date in 2016 and would like to pay tribute to everyone at Chestnut Homes who have worked so hard to make this possible.”

He added: “We are already looking forward to building on this success in 2017, when work will begin on a number of new developments.

“As a company, we are proud to be bringing much-needed new homes to Lincolnshire, as well as creating jobs for those within our business who work to design, build and sell those properties.”