Vistry Group PLC Countryside Partnerships acquires major site
20 January 2023 - 7:00PM
RNS Non-Regulatory
TIDMVTY
Vistry Group PLC
20 January 2023
20 January 2023
Vistry Group PLC
Countryside Partnerships acquires major site in Warrington with
plans to deliver circa 1,200 homes
Countryside Partnerships ("Countryside"), part of Vistry Group
PLC ("Vistry"), and Torus, the largest provider of affordable
housing in the North West, have acquired the 170-acre Peel Hall
site in Warrington and will move forward with plans to deliver
circa 1,200 homes. The homes will be delivered by both Countryside
and Vistry's Housebuilding business in a joint venture with
Torus.
Countryside will deliver 595 affordable homes in partnership
with Torus, as well as 595 homes available on the open market. The
affordable homes will offer a mixture of shared ownership and
affordable rent.
The completed development will include significant public realm
open space, new sports pitches and the creation of a high-quality
residential environment.
Stephen Teagle, Chief Executive of Countryside Partnerships,
commented:
"Our team has done a great job working with key partners to
secure this land. We will be providing high quality new homes
across all tenures, creating a place with enduring quality. Peel
Hall has been one of the most sought-after sites in the North West
and it is fantastic that through our Partnerships and Housebuilding
businesses we will be delivering much-needed new homes for the
local community. This purchase will help underpin our strategic
growth plans for the coming years and through our partnership
approach, working alongside Torus, we will accelerate the delivery
of housing and the creation of places people love."
Work on site is scheduled to commence in mid-2025 once full
planning permission is secured.
For further information please contact:
Powerscourt
Justin Griffiths 020 7250 1446/ vistry@powerscourt-group.com
Nick Dibden
Victoria Heslop
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END
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