(Sharecast News) - Affordable homes developer Vistry has signed two new deals with Homes England to deliver 1,000 mixed-tenure homes in the Midlands.
The first deal involves the regeneration of City Hospital in Birmingham, which has outline planning permission for 750 homes, of which more than 50% will be affordable or private rent tenures.
The second deal will see Vistry build 250 mixed-tenure homes in Hardingstone, Northamptonshire, which already has more than 50% of sites presold.
Vistry said 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.
"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," said chief executive Greg Fitzgerald.
"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."
Vistry Grp (VTY)
