Vistry Partnerships is set to provide more than 500 new homes in Great Haddon, Peterborough, as part of the Group’s wider plans for a 1,500 home development.
Partnerships will work alongside Vistry Housebuilding (which will build the remaining 1,000 open market homes), its sister business within the Vistry Group, to complete the significant new housing scheme.
More than 50% of the homes built by Partnerships will be affordable, making a major contribution to affordable housing provision across the region.
The Partnerships scheme, which has a Gross Development Value of £100m, will provide a mix of housing tenures, including Build to Rent. Partnerships will be working with Cambridgeshire County Council, Peterborough City Council, a local housing association and a build to rent provider to manage the new homes.
The news coincides with Partnerships recently launched Project 6000 – an ambitious objective to build 6,000 homes a year by 2022.
As one of the country’s largest providers of affordable homes, Partnerships works across 25 local authorities with 75 housing associations. The business is now working with 75 housing associations and 25 local authorities, and as part of this growth, Partnerships will be looking to its regions in the East and West Midlands to play a major role.
James Warrington, Divisional Managing Director, Central and North at Vistry Partnerships, said:
“Great Haddon is a perfect example of the unrivalled strengths of Vistry Group. We, as Vistry Partnerships, can use our affordable housing and regeneration expertise to provide 500 new affordable homes to the region, alongside 1,000 open market properties built by our colleagues in Vistry Housebuilding.
“This major new development will offer a range of housing tenures, creating genuine opportunities for local people to find a fantastic and desirable new home. The project, alongside our others across the Midlands, will contribute significantly to our Project 6000 delivery objectives.”
Verity MacMahon, land director of Vistry East Midlands, said:
“We are incredibly pleased to have been successful in the exchange and completion of this highly sought-after land in Great Haddon, which represents an exciting opportunity for Vistry Group in a competitive market, and is a project we have been working on since 2019. As a major PLC housebuilder, this is exactly the sort of opportunity Vistry Group wants to acquire as a business, enabling us to deliver a strong number of housing completions for circa 10 years in Great Haddon.”