Berkeley Group (BKGH.L, BKG LN)
The Berkeley Group is a leader in the business of urban regeneration in the UK. In the year ended April 2009, the group completed 1,501 homes at an average price of £395,000. The group builds in London and the southeast with over 95% of development taking place on brownfield land. Berkeley aims to deliver value to its customers and investors by creating high-quality developments in which people want to live, work and play. Its experienced management team aims to develop attractive and sustainable developments while extracting high value from the land it develops. Its unique approach to land development involves a number of complex stages from the initial acquisition through planning, designing, building and finally marketing a development. At each stage the group undertakes detailed risk assessments, taking into account all relevant sustainability issues and the changing nature of the marketplace.
|First Eagle Funds||6.6|