House-builder Vistry to provide 1,500 homes in South East

By Peter Davison

6 September 2023

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Kent-based house-builder Vistry has been selected as the preferred delivery partner on two schemes providing more than 1,500 homes, the company told investors on Tuesday.

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

The development, which has a gross development value of around £275 million, will include 50 per cent 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, Vistry subsidiary Countryside Partnerships has secured a pre-construction service agreement in Southall.

Network Homes has awarded Countryside Partnerships the design and enabling works for 575 homes. The development has a potential contract value of around £145 million for the main works.

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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."

By Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.