Vistry Partnerships bags £227m haul of work

Aaron Morby 4 years ago

Vistry Partnerships has secured contracts and exchanged on joint venture developments with housing providers with a development value of £227m.

Greg Fitzgerald, Vistry Group chief, said there are plenty of opportunities for the business to grow at pace using its partnerships model
Greg Fitzgerald, Vistry Group chief, said there are plenty of opportunities for the business to grow at pace using its partnerships model

The firm this morning revealed it had signed several joint venture agreements with social housing providers that will deliver over 770 homes.

London’s Newham Council has picked Vistry Partnerships to deliver its Plaistow Hub regeneration project.

Populo Living, the council’s wholly-owned housing company, is developing the £62m mixed-use residential-led scheme at Plaistow in East London.

Plaistow Hub will be constructed across two separate sites: London Road and Valetta Grove.

The London Road site is located next to the Underground station and consists of a 23-storey building containing 100 new homes for private rent and a three-storey commercial building.  

Valetta Grove (above) is situated off Plaistow Road and opposite the Plaistow Station, will be redeveloped to provide 82 new private rental homes over 15 floors. 

Plaistow Hub will create a new local centre by Plaistow Underground Station.

Vistry has also secured mixed tenure developments, both in joint venture, that will provide 503 homes, including 147 affordable homes.

The projects are in Runcorn with Together Housing and in Bristol with Goram Homes – a subsidiary of Bristol City Council.

In addition, Vistry Partnerships has secured contracts totalling £43m to build 158 new homes and associated mixed uses, working with regulated partners in Plymouth and Runcorn.

The projects are an Extra Care scheme and a retirement village for Halton Housing and Inspired Villages respectively and a mixed-use scheme including homes for sale for English Cities Fund.

Partnerships has also been appointed to the Connected Living framework in London, working with TfL and Grainger.

Greg Fitzgerald, Chief Executive of Vistry Group, said: “I am delighted that we have secured these joint venture developments and negotiated significant contracts with both long-standing and new investment partners.

“These schemes demonstrate the breadth and strength of our established Partnerships business in the mixed-tenure regeneration, affordable, private rented and older persons markets.  

“With such strong demand for new homes across a range of tenures, we see continued opportunities for growth at pace, working with our partners and further demonstrating the resilience and capacity of our Partnerships business.

“We are already providing thousands of homes across the country, and these new developments together with the contract and framework wins, underline the strength of our business model in delivering the Government’s commitment to “Get Britain Building”.



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