Coinciding with its January trading update for the year ended 31 December 2023, Vistry Group has announced a raft of new development opportunities to be delivered under its Countryside Partnerships brand.
Since its move to a full partnerships model announced by the company in September 2023, Vistry is making good progress by focusing its operations on a high growth asset-light partnerships model across its 27 regional businesses.
Working in collaboration with its partners, Vistry continues to see strong demand for affordable housing and a notable increase in demand from PRS providers from Q4 2023, with the latest development opportunities including:
– Together Housing, Lancashire: a new partnership with Together Housing in Darwen, Lancashire to deliver 477 new homes
– Homes England, County Durham: approval for 670 new homes in Stockton, County Durham with the project benefiting from grant funding from Homes England
– Goram Homes (Bristol City Council), Bristol: progress on its partnership with Goram Homes, Bristol City Council’s housebuilding company, with outline planning secured for the next 140 homes at Dovercourt, Lockleaze in Bristol
– Windsor: prime site to the west of Windsor delivering 320 homes with c. 60% presold, secured on preferential payment terms
– South Gloucestershire: contracts exchanged for a new scheme in Thornbury, South Gloucestershire for the development of c. 600 new homes of which 50% to be pre-sold
– Swindon: two-phase development in South Marston, Swindon for the delivery of 940 new homes, secured on favourable payment terms with 60% to be pre-sold
Stephen Teagle, chief executive, Countryside Partnerships, said: “These latest developments reflect the strength and resilience of our partnerships model across the UK and the continued demand for high-quality, affordable housing across a mix of tenures. This is a great start to the year and we look forward to delivering much-needed new homes and positive, long-lasting benefits to the communities in which we work in collaboration with our valued partners.”
Greg Fitzgerald, chief executive, Vistry Group, said: “Looking ahead, working with our highly valued partners, we are committed to increasing the delivery of much needed homes across the country and in the fourth quarter have continued to secure exciting new developments that reflect our high return, asset-light partnerships model.”