Vistry signs partnership deals for 1,900 mixed tenure homes

Aaron Morby 3 weeks ago
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Vistry Group has struck a deal with social housing landlord Abri to deliver 1,500 homes in Arundel at the Ford Airfield Site in West Sussex.

The site was previously due to be developed by Wates Development and Redrow Homes but has just been sold with planning to Vistry and Abri, who will work as a 50:50 joint venture to deliver an equal split of affordable for market sale housing. 

Working in partnership with Abri, the development will also provide significant community infrastructure including a local centre, commercial and retail space, a primary school and a 60-bed care home.

Vistry will also be delivering 400 homes at a new site near Newmarket in Suffolk. 

Under its unique Partnerships model, 200 of the homes at the Hatchfield Farm site have been pre-sold to Clarion Housing Association for affordable housing. 

The remainder of the scheme will be sold on the open market utilising both our Bovis Homes and Linden Homes brands to maximise sales and speed of delivery.

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

“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 Section 106 obligations.  The sites will also provide long-term visibility to our supply chain partners and certainty of work.”

 

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