Vistry Group PLC Partnerships signs significant new contracts (1258C)
15 October 2020 - 5:00PM
UK Regulatory
TIDMVTY
RNS Number : 1258C
Vistry Group PLC
15 October 2020
Partnerships signs significant new contracts
Vistry Group PLC announces that Vistry Partnerships has secured
contracts and exchanged on joint venture developments with housing
providers with a gross development value of GBP165m to provide over
661 new homes.
The two mixed tenure developments, both in joint venture, 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
GBP43m 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.
These developments and contract wins further amplify Vistry
Partnerships' established role as a key partner with Registered
Providers and local authorities.
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. They reflect
the confidence that our partners have in our ability to deliver
quality new homes.
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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END
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