A leading North East regeneration and housing specialist has started the new decade by signing deals with two regional housing providers that will deliver 418 new homes for all tenures on two prime sites.
Vistry Partnerships – a new venture established following Bovis Homes’ £1.1 billion purchase of Galliford Try’s housing and regeneration businesses – will work closely with Beyond Housing in Redcar and The Riverside Group in Washington.
The initiatives have been carefully co-ordinated to meet the challenges of housing need and affordability within each locality and are among nine Vistry Partnerships North schemes which will deliver over 1,200 new homes across the North East.
Both projects have grant support from Homes England – the government’s housing accelerator which works to increase the number and speed of new homes of all tenures across the country.
At Kirkleatham, near Redcar in Cleveland 360 properties will be built on land to the west of Kirkleatham Lane and the north of the Police Station. There will be 37 available for shared ownership and 71 for affordable rent, through Beyond Housing, a further 80 for private rent through Sigma Capital’s Simple Life brand and the remaining 172 sold by Vistry’s housing division, Linden Homes.
The former Ayton School site in Washington, which also has the backing of Sunderland City Council, will comprise 58 properties, with Riverside taking half for shared ownership and the remainder being sold by Linden Homes.
Andrew Rennie, Development Director with Vistry Partnerships North, said: “As we start a new decade, this is a really exciting time with many new opportunities. We are looking forward to working with Beyond Housing, Riverside and Sigma Capital to deliver these schemes at Redcar and Washington, which we are confident will support ongoing regeneration within both areas.
“We share and support Homes England’s vision to help more people access better homes in the right locality. With a proven track record in the delivery of successful and long lasting regeneration, we look forward to playing our part in transforming communities across the region.”
Clare Harrigan, Head of Development and Regeneration at Beyond Housing, added: “We are delighted to be continuing our partnership with Vistry on this strategically important development which will deliver a range of much needed high quality and affordable homes in Redcar.”
Lucie Parr, Sales Manager from The Riverside Group, said: “We are thrilled to be working once again with Vistry on another new development in the North East. Shared ownership provides an affordable housing option that has been very popular in the region. We expect interest to be very high. “
In addition to the Redcar and Washington schemes, other Vistry Partnerships divisions will also build 334 homes in Runcorn, 116 in Cannock and 60 in Dorset on land acquired from Homes England.
The Vistry Group incorporates four different successful businesses – Bovis Homes, Linden Homes, Vistry Partnerships (North) and Drew Smith in the South of England. By combining the talents of each of these operations, Vistry Group becomes one of the top five housebuilders in the UK.