10
April 2024
Vistry Group
PLC
Vistry Group agrees two deals
with Homes England to deliver 1,000 mixed-tenure
homes
In Birmingham, Vistry Group (the
Group) has been appointed by Homes England to deliver the
regeneration of City Hospital. In bringing this site forward
for development, we have worked closely with Birmingham City Council and Sandwell and West Birmingham
Hospitals NHS Trust. The site has outline
planning permission for 750 homes, of which more than 50% will be
affordable or private rent tenures, with the remaining homes for
open market sale. The site will also have more than 8,000 sq
ft reserved for commercial and community space.
A second partnership deal in
Hardingstone, Northamptonshire, will see the Group deliver 250
mixed tenure homes with more than 50% presold. The site is
also formerly owned by Homes England and has outline planning
permission.
The majority of the 1,000 new homes
will be manufactured off-site using timber frames from the Vistry
Works East Midlands factory in Leicestershire.
Greg Fitzgerald, Chief Executive of Vistry Group,
said:
"These deals further evidence the
benefit of our long-term strategic partnership with Homes England,
enabling the Group to deliver a significant number of mixed tenure
homes in the Midlands. Furthermore, the unique capabilities
of Vistry Works will allow us to utilise timber frame manufacturing
at scale across both sites, speeding up housing delivery whilst
reducing carbon emissions."
For further information please
contact:
Vistry Group PLC
Tim Lawlor, Chief Financial
Officer
Susie Bell, Group Investor Relations
Director
FTI
Consulting
Richard Mountain / Susanne
Yule
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07469 287335
020 3727 1340
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About Vistry Group
Vistry Group is the UK's leading
provider of affordable mixed tenure homes. Our purpose as a
responsible developer is to work in partnership to deliver
sustainable homes, communities and social value, leaving a lasting
legacy of places people love. We are a young and dynamic
business with a Partnerships-led approach, delivered under our
Countryside Partnerships brand, and an exciting timber-frame
manufacturing operation called Vistry Works, running three
factories and supporting our drive towards net zero
carbon.
Delivering thousands of homes every
year for the affordable and private marketplaces, Vistry Group also
has an unmatched portfolio of retail brands, each with a rich
history and strong reputation: Linden Homes, Bovis Homes and
Countryside Homes.
We are a multi award-winning
housebuilder and the Group has again been awarded the 5 Star Rating
by the Home Builders Federation following
the latest industry's Customer Satisfaction Survey. For
more information go to www.vistrygroup.co.uk