Six New Developments for Vistry Partnership

Vistry Partnership and Homes England have exchanged contracts on a portfolio of six new developments, which will provide more than 570 new homes throughout England.

The portfolio is valued at £105 million and will include 400 affordable homes which will be delivered through contracts with Registered Provider partners.

The new developments are:

• St James Hospital, Portsmouth: Plans here state there will be 107 mixed tenure homes, half of which will be affordable housing
• Ridgehill, Dudley: Plans provide 103 mixed tenure homes, with 50% affordable housing
• Walton Hospital, Chesterfield: There will be 151 homes here, with 62% affordable housing
• York Road, Birmingham: Plans show 87 homes, all of which (100%) will be affordable housing
• Kingsdown, Bridgewater: Consented for 80 homes, which will provide 100% affordable housing

Vistry Partnerships are working closely with Homes England in order to agree a flexible and pragmatic approach to these sites, while ensuring that housing delivery can continue, in spite of the impact COVID-19 is having on the construction industry.

Preparatory work, which includes the progression of planning applications for site in collaboration with Homes England, will commence immediately by Vistry Partnership employees who are working from home in compliance with the Government’s health and safety guidance.

Stephen Teagle, Chief Executive of Vistry Partnerships said: It’s a challenging time for the housing building and construction industry, so I am delighted that we have secured these new housing sites. We have developed a successful partnership with Homes England and are already providing many hundreds of homes together; these new developments will add to that partnership, providing hundreds of affordable homes

“Thanks to our agile business model and collaborative approach with Homes England to accelerate delivery, we have been able to identify solutions which will enable us to progress as soon as possible. We know that the demand for affordable, quality homes remains high and we are very well placed to get these underway as soon as we can.”

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