RCS - Vistry Group PLC - Vistry and Homes England to deliver 1,000 homes

VistryAnnouncement

10/04/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240410:nRSJ9410Ja&default-theme=true

RNS Number : 9410J  Vistry Group PLC  10 April 2024

10 April 2024

Vistry Group PLC

Vistry Group agrees two deals with Homes England to deliver 1,000 mixed-tenure
homes

In Birmingham, Vistry Group (the Group) has been appointed by Homes England to
deliver the regeneration of City Hospital.  In bringing this site forward for
development, we have worked closely with Birmingham City Council and Sandwell
and West Birmingham Hospitals NHS Trust.  The site has outline planning
permission for 750 homes, of which more than 50% will be affordable or private
rent tenures, with the remaining homes for open market sale.  The site will
also have more than 8,000 sq ft reserved for commercial and community space.

A second partnership deal in Hardingstone, Northamptonshire, will see the
Group deliver 250 mixed tenure homes with more than 50% presold.  The site is
also formerly owned by Homes England and has outline planning permission.

The majority of the 1,000 new homes will be manufactured off-site using timber
frames from the Vistry Works East Midlands factory in Leicestershire.

Greg Fitzgerald, Chief Executive of Vistry Group, said:

"These deals further evidence the benefit of our long-term strategic
partnership with Homes England, enabling the Group to deliver a significant
number of mixed tenure homes in the Midlands.  Furthermore, the unique
capabilities of Vistry Works will allow us to utilise timber frame
manufacturing at scale across both sites, speeding up housing delivery whilst
reducing carbon emissions."

 

For further information please contact:

 Vistry Group PLC

 Tim Lawlor, Chief Financial Officer             07469 287335

 Susie Bell, Group Investor Relations Director

 FTI Consulting

 Richard Mountain / Susanne Yule                 020 3727 1340

 

About Vistry Group

Vistry Group is the UK's leading provider of affordable mixed tenure homes.
 Our purpose as a responsible developer is to work in partnership to deliver
sustainable homes, communities and social value, leaving a lasting legacy of
places people love.  We are a young and dynamic business with a
Partnerships-led approach, delivered under our Countryside Partnerships brand,
and an exciting timber-frame manufacturing operation called Vistry Works,
running three factories and supporting our drive towards net zero carbon.

Delivering thousands of homes every year for the affordable and private
marketplaces, Vistry Group also has an unmatched portfolio of retail brands,
each with a rich history and strong reputation: Linden Homes, Bovis Homes and
Countryside Homes.

We are a multi award-winning housebuilder and the Group has again been awarded
the 5 Star Rating by the Home Builders Federation following the latest
industry's Customer Satisfaction Survey. For more information go to
www.vistrygroup.co.uk (http://www.vistrygroup.co.uk)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASSEESUELSEDL