Vistry Group PLC Vistry and Homes England to deliver 1,000 homes

RNS Number : 9410J

Vistry Group PLC

10 April 2024

 

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

07469 287335     020 3727 1340

 

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

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