The brownfield site bought from Engie has already undergone extensive remediation and holds outline planning permission for 2,300 homes.
The development will include an all-through school, riverside park, commercial space, and homes across a range of tenures including affordable, PRS, and open market sale.
Greg Fitzgerald, Chief Executive of Vistry Group, said: “This major acquisition perfectly plays to the strengths of the Group – regenerating a large brownfield site into thousands of high-quality, mixed tenure homes, whilst using our placemaking skills to create a thriving new neighbourhood.”