Daily Newsletter

06 September 2023

Daily Newsletter

06 September 2023

Vistry Group chosen for two major developments in UK

The firm will deliver 930 houses in Newport Pagnell and 575 houses in Southall, London.

September 06 2023

UK-based house-building company Vistry Group has been chosen as the preferred delivery partner on two developments comprising more than 1,500 houses.

The group operates through its subsidiary Countryside Partnerships.

Milton Keynes Council has appointed Vistry as the development partner for a 930-house proposal in Newport Pagnell.

This development will comprise 50% affordable housing, available in affordable rent, shared ownership, and social rent tenures, with a gross development value (GDV) of £275m.

The housing community will feature facilities such as a commercial centre, a primary school, and public open spaces that consist of playing grounds, sports fields, and a wellness centre.

In addition, Countryside Partnerships has received a Pre-Construction Service Agreement (PCSA) in Southall, London.

Network Homes selected the company for the design and enabling works of 575 houses. The significant works contract for the development is estimated to be worth over £145m.

The project will contain four buildings ranging from 15 to 23 floors in height. It will build 174 affordable houses, with the remaining 401 units available on a build-to-rent (BtR) basis, and will be funded, owned, and operated by Grainger.

Vistry Group CEO Greg Fitzgerald said: “Our unique and leading partnerships model enables us to work with our partners on delivering much-needed homes across the UK.

Our selection for these two major developments reflects our expertise and commitment to provide quality homes and lasting communities.”

Investment in the infrastructure and energy & utilities sectors remains a major driver of overall construction growth

Infrastructure and Energy & Utilities sectors expanded in 2020 despite COVID-19 disruptions, which reflected the efforts by governments and public institutions to accelerate investment to stimulate activity. The recovery from the pandemic and the easing of restrictions allowed the resumption of work on major projects in 2021, and growth is set to remain strong in the coming years, particularly given major investment programs in the US and China.

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