Affordable housing developer Vistry to build 1,900 new homes

26th Mar 2024 07:23

(Sharecast News) - Affordable housing group Vistry has signed two new partnership agreements that will see it build 1,900 new homes in East Anglia and the South of England.

The first deal, with registered housing provider Abri, will be a 50:50 joint venture in Arundel of which half of the 1,500 homes to be built will be presold for affordable housing.

The site, located at Ford Airfield, will also include community infrastructure like a local centre, commercial and retail space, a primary school and care home.

In a separate agreement, Vistry will also build 400 homes at Hatchfield Farm in Newmarket. Half of the homes having already been pre-sold to Clarion Housing Association for affordable housing; the rest will be sold on the open market.

"These two sites support our strategy of delivering a significant number of mixed-tenure homes with our affordable housing partners," said chief executive Greg Fitzgerald.

"We have well-established, long-term relationships with Abri and Clarion and are pleased that at both sites we are providing additional affordable housing in excess of our Section106 obligations. The sites will also provide long-term visibility to our supply chain partners and certainty of work."