17th Jun 2020 15:22
(Alliance News) - Vistry Group PLC has been awarded contracts by Homes England to develop 935 homes under two schemes, the UK government's affordable housing department said on Wednesday.
The FTSE 250-listed housebuilder - through its Vistry Partnerships business - has signed a deal to provide housing at the Sandymoor site in Halton, Cheshire, and the former Lea Castle hospital site near Kidderminster, Worcestershire.
Vistry will build 335 homes at the 11-hectare site in Halton, with the properties to include two to four-bedroom houses for sale as well as affordable homes in a 100-apartment extra care scheme to be delivered in partnership with Halton Housing Trust.
It will also build 600 additional homes at the 49 hectare former Lea Castle hospital site, with work set to start on site immediately. The scheme will be delivered by Lea Castle JV LLP, a joint venture between Vistry and Citizen Housing and will comprise one to four-bedroom homes.
"We are very pleased to once again be working in partnership with Homes England to transform these two important sites. These vital developments will provide a range of new affordable homes, enhance the existing landscape and boost economic growth. They also increase the number of homes that we are currently delivering on Homes England’s sites to over 3,000, exemplifying our reputation as a leading partnerships organisation," said Vistry Partnerships Chief Executive Stephen Teagle.
Vistry shares were trading 0.3% lower at 774.95 pence each on Wednesday afternoon in London. The stock is down 42% since the start of 2020.
By Ife Taiwo; [email protected].
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