Vistry Group PLC

05 September 2023

5 September 2023

Vistry Group selected as preferred delivery partner on two schemes providing more than 1,500 new homes

Vistry Group, operating through its subsidiary Countryside Partnerships - the UK's leading multi-tenure regeneration business, has been selected as the preferred delivery partner on two schemes providing more 1,500 homes.

In Newport Pagnell, Milton Keynes Council has selected Vistry Group as the development partner on a scheme delivering 930 homes.

The development, which has a GDV of circa GBP275m, will include 50% affordable housing, delivered in affordable rent, shared ownership and social rent tenures. Community facilities to be delivered include a commercial centre, primary school and public open spaces including playing fields, sports pitches and a wellbeing centre.

Meanwhile in London, Countryside Partnerships has secured a Pre-construction Service Agreement (PCSA) in Southall. Network Homes has awarded Partnerships the design and enabling works for 575 homes. The development has a potential contract value of c.GBP145m for the main works.

The scheme will include four buildings ranging in height from 15 to 23 storeys. It will provide 174 affordable homes with the remaining 401 homes offered in Build to Rent tenure, funded, owned and operated by Grainger plc.

Greg Fitzgerald, Chief Executive of Vistry Group, said:

"Our unique and leading Partnerships model enables us to work with our partners on delivering much needed homes across the UK. Our selection for these two major developments reflects our expertise and commitment to provide quality homes and lasting communities."

For further information please contact:

Vistry Group PLC 
 Tim Lawlor, Chief Financial Officer 
 Susie Bell, Group Investor Relations     07469 287335 
 FTI Consulting 
 Richard Mountain / Susanne Yule          020 3727 1340 

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September 05, 2023 03:00 ET (07:00 GMT)

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