Vistry Partnerships, a subsidiary of Vistry Group, has partnered with Clarion Housing Group for a £40m project which involves the development of 211 new affordable homes in the new town of Sherford in Plymouth, UK.
Presently, Vistry Partnerships is constructing 3,500 homes in the town, of which 1,500 are being built in partnership with Clarion Housing’s Latimer.
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The latest agreement to development 211 homes will be made available for social and affordable rent along with shared ownership through Clarion Housing and will increase the number of affordable houses in the new town.
When completed, Sherford will have 5,500 homes accommodating thousands of people across three neighbourhoods. The town will also include four schools, community facilities, shops, businesses along with significant green spaces and a 500-acre community park.
Vistry Partnerships regional development director Kathryn Pennington said: “We are delighted to be working with Clarion on this inspiring project in the South West. A genuine partnership has been formed, working together to create a sustainable community and beautifully designed homes with a more balanced mixed tenure offering.
“Our partnering approach with Clarion is centred on a shared objective and passion to deliver great places to live with placemaking at its heart. This new legacy community will make a significant contribution to high-quality affordable homes for local people.”
Clarion Housing Group development group director Richard Cook said: “The signing of this new agreement marks a milestone in our joint venture with Vistry Partnerships and we’re delighted to be working together to deliver more affordable homes in the new town of Sherford.
“Alongside our multimillion-pound regeneration of Barne Barton, this scheme underlines our commitment to providing high-quality, affordable and sustainable homes for the people of Plymouth and the surrounding areas.
“We’re excited to see plans for Sherford come to life, creating a vibrant community with homes of different tenures to meet the needs of local people.”
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Vistry to build affordable homes in Sherford, Plymouth. (Credit: Vistry Partnerships.)
