Vistry Group has unveiled a £19m ($24.18m) partnership with Anchor to provide 77 affordable apartments in Edwalton, a district within West Bridgford, Nottingham, UK.
Anchor is a not-for-profit provider of housing and care for people in later life while Vistry is a UK-based provider of affordable mixed-tenure homes.
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The development will feature one- and two-bedroom apartments, with construction set to commence shortly.
The apartments will offer access to shared communal areas.
This initiative is part of a broader effort to meet the housing needs at Edwalton and other locations.
To be situated on brownfield land to the south of Nottingham and the River Trent, the new development is poised to contribute to the area’s housing stock.
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By GlobalDataAnchor development delivery director Victoria Mager said: “The development at Edwalton will offer residents the opportunity to be part of an open, inviting, and warm community. We’re looking forward to work starting in the next month and offering the opportunity for people to enjoy living in later life.
“This new community will deliver much-needed accommodation for older people in the local area. We anticipate delivering an average of at least 500 homes a year over a rolling ten-year period. This is in addition to growing the number of homes we provide in residential care.”
Last month, Sovereign Network Group and Vistry Group formed a joint venture to construct 595 new homes in Thornbury, South Gloucestershire.
