Property developer Candelisa announce profits of £3.2m following Skipton HQ move

Skipton-based UK and international property developer Candelisa experienced a significant rise in profits over the last year.

Candelisa has revealed profits of over £3.2m for the last twelve months for its UK housing division, compared with a £620k profit from the previous year.

This announcement coincides with the firm’s move to 4,000 sq. ft. of new purpose built offices in Skipton, which incorporate an indoor car park, entertainment and conference facilities, and will provide the space for further expansion.

Caroline House forms part of Providence Quarter, Candelisa’s flagship refurbishment of the former Skipton Building Society headquarters into 47 apartments, which sold out in just five weeks.

The upper floor of Caroline House features apartments which have also sold out.

Guy Taylor, managing director of Candelisa, said: “This is an exciting time for the business as we look to expand into new areas.

“Traditionally we have focussed on refurbishment and regeneration projects with a strong emphasis on design and individuality. We are now using those skills and philosophies to provide fully bespoke new build housing.

“Too much of the new build market is dominated by the major players whose product offering is predictable, repetitive and unimaginative, and we are looking to change that.

“Furthermore we are privately funded which means we can react quickly to opportunities as they arise.”

Candelisa has approved planning permission in place to build 291 new homes in areas including North Leeds, Harrogate and the Craven District, which it expects to complete over the next 18 months. In addition, the firm is also actively seeking more land in premium locations.

Candelisa currently employs 15 people and has ongoing residential schemes in Barbados as well as the UK.