Skip to site menu Skip to page content

Daily Newsletter

11 February 2025

Daily Newsletter

11 February 2025

Vistry Group and Latimer to deliver 1,200 homes in Sherford

The partnership will ensure that half of the new homes will be designated for affordable housing or PRS tenures.

sathya February 11 2025

Vistry Group, a UK-based home builder, in partnership with Latimer, the development arm of Clarion Housing Group, is set to expand the Sherford new town development near Plymouth, UK, with an additional 1,200 homes.

The joint venture between Vistry Group and Latimer marks a step in the creation of Sherford, located on the outskirts of Plymouth in the South Hams countryside, claimed to be one of the UK's most ambitious residential projects.

The partnership, which claims to use the Linden and Bovis brands, will ensure that half of the new homes will be designated for affordable housing or private rented sector (PRS) tenures, aligning with Vistry’s partner delivery model.

Upon completion, the town will feature 5,500 quality homes across three neighbourhoods, four schools, community facilities, and 84,000m² of space for employment and retail.

Additionally, residents will benefit from a 500-acre country park and better transport connections.

The construction of Sherford, which commenced in 2015, has received substantial support from the government, with Homes England investing £32m ($39.56m) in the development.

Vistry Cornwall South West managing director Peter Sadler said: “Sherford is a £1bn investment for Devon and a transformational new town. By partnering with Clarion again to deliver the remaining homes, we can provide more than 50% of them in affordable tenures, whilst using our housebuilding brands to market the open market homes - perfectly demonstrating the strengths of our Group.”

Clarion Housing Group chief development officer Richard Cook said: “We are excited to extend our successful partnership with Vistry to deliver more high-quality, affordable homes at Sherford, a transformative development that will have a lasting impact on the local community.

"At Clarion, our mission is to provide homes and opportunities for those who need them most, and through this collaboration, we are ensuring that over half of these new modern homes at Sherford will be affordable for local families and individuals.”

In October 2024, Vistry Group secured contracts for a 28.5-acre site on Barnards Drive in Sileby, where the company plans to construct 228 new family homes.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close