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(Alliance News) - Vistry Group PLC on Tuesday said its housebuilding and urban regeneration arm Countryside Partnerships has been selected as preferred developer to build new homes in London.
The Kent, England-based company also operates under the Bovis Homes, Linden Homes and Countryside Homes brands.
It said Countryside Partnerships will deliver 739 new homes in the northern London borough of Barnet as part of a GBP276 million redevelopment scheme. Of these, 427 will be classified as affordable homes, while 144 will be build-to-rent and 168 will be for private sale.
Countryside was selected by the Greater London Authority and the Mayor's Office for Policing & Crime. The project is on the site of the former Hendon Metropolitan Police training centre and and driving school in Colindale.
"The deal provides further evidence of the strong progress Vistry is making with its strategy of fully focusing on its high-growth, asset-light Partnerships model, seeing sustained demand for mixed-tenure housing," Vistry said.
The company expects work to start in summer 2025 with completion scheduled for 2030.
Vistry shares were 0.4% higher at 938.00 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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