RCS - Vistry Group PLC - Joint Venture with Homes England

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RNS Number : 3052Y  Vistry Group PLC  08 September 2025

8 September 2025

 

Vistry Group PLC

 

Homes England and Vistry Group sign long-term investment joint venture

 

Vistry Group plc ("Vistry" or "the Group") is pleased to announce the
formation of a long-term investment joint venture with Homes England, the
Government's housing and regeneration agency, to accelerate the development of
large-scale residential sites across England. The joint venture,
named Hestia, is backed by £150 million of capital investment by Homes
England and Vistry and is designed to deliver high-quality, mixed-tenure
communities at pace and scale.

 

Hestia will focus on the acquisition and development of strategic sites, each
ranging from 400 to 3,000 homes, and will incorporate vital new
infrastructure to support thriving communities. In addition, the joint
venture will seek to sell parcels of land on our larger sites to SME
developers, reflecting both organisations' commitment to supporting the wider
housing sector and enabling greater market participation. This partnership
marks a significant step forward in delivering sustainable housing growth and
unlocking the potential of large-scale sites across the country.

 

Greg Fitzgerald, Chief Executive of Vistry Group, said:

"As one of the country's largest providers of affordable homes, we are closely
aligned with Homes England and share their ambitions for further affordable
housing delivery. Hestia represents a bold and collaborative step forward in
unlocking the potential of large-scale sites and accelerating the creation of
thriving, mixed-tenure communities across England."

 

For further information please contact:

 Vistry Group PLC

 Tim Lawlor, Chief Financial Officer             020 3048 3396

 Susie Bell, Group Investor Relations Director

 FTI Consulting

 Richard Mountain / Susanne Yule                 020 3727 1340

 

About Vistry Group

A leading homebuilder, developing in partnership. At Vistry, we build homes
and create sustainable new communities leaving a lasting legacy of places
where people love to live.

As the country's largest homebuilder, we leverage our expertise, skills and
scale to deliver quality new housing. Our Partnerships model means that we
work with partners in the public and private sectors to build quality homes
the country needs. Our partners include Registered Providers, Local
Authorities, Homes England and Private Rented Sector providers.

Our developments deliver a mix of housing tenures including affordable homes,
private rented homes and private homes for sale.

Our timber manufacturing capability, Vistry Works, is at the core of our
strategy. Our approach means we can build faster and more efficiently.

For more information go to www.vistrygroup.co.uk
(http://www.vistrygroup.co.uk)

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