Vistry Partnerships bags £213m haul of affordable homes jobs

Aaron Morby 4 months ago
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Vistry Partnerships has signed off a £213m haul of affordable home development contracts that the firm can advance during the coronavirus crisis. 

Chief executive Greg Fitzgerald said Vistry aimed to get projects underway at pace
Chief executive Greg Fitzgerald said Vistry aimed to get projects underway at pace

It has just exchanged contracts with Homes England to build half a dozen developments providing more than 570 new homes across the country.

This £105m portfolio of new developments will include over 400 much-needed affordable homes.

The new schemes will be built in Portsmouth, Dudley, Chesterfield, Birmingham, Bridgwater and Shafton in Yorkshire.

Vistry Partnerships has been working closely with Homes England to agree flexible delivery terms, which allows the progression of planning applications and pre-commencement works during the current health crisis. 

In another set of business deals, Vistry Partnerships has also secured affordable housing contract wins totalling £108m to build 810 new affordable homes for Registered Providers in both the north and south of England.

These contracts will be delivered by two of Vistry Partnerships newest businesses, Vistry Partnerships Yorkshire and Drew Smith.

The business is actively reviewing its portfolio of projects in order to expedite the delivery of essential affordable homes and remobilise sites where this can be safely done in line with Government guidance.

Greg Fitzgerald, Chief Executive of Vistry Group, said: “In what is a very challenging time for the house building and construction industry, I am delighted that we have secured significant sites and contracts with long standing partners.

“We are already providing many hundreds of homes with Homes England across the country, and these new developments together with the affordable contract wins, will further that successful partnership and contribute a significant number of affordable homes for local people.

“Despite the current Covid-19 restrictions, the demand for affordable, quality homes remains high and we are very well placed to get these underway at pace.”

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