Vistry seals the deal on £63m housing scheme

Affordable housing specialist Vistry Group has secured contracts for a £63.2m residential development on a 12.3-acre site in Sileby, Leicestershire.

Situated on Barnards Drive, the site was acquired from Gladman Developments and will see the delivery of 228 new family homes.

The scheme will offer a mix of affordable and open-market housing, featuring one-bedroom maisonettes alongside larger two, three, and four-bedroom homes.

Outline planning permission has already been granted, with a decision on the detailed proposals expected in the coming months. Construction is expected to start in late 2025.

Andy Reynolds, managing director of Vistry South East Midlands said: “We are thrilled to have completed contracts, bringing us a step closer to delivering much-needed mixed-tenure homes for the area demonstrating our commitment to sustainably delivering high-quality, affordable homes to enhance communities and meet the diverse housing needs in the area. We know that people from all walks of life will relish the opportunity to live in modern family homes and to be part of a vibrant and well-connected community here in Leicestershire.”

Julian Hamer, senior land director at Gladman Developments said: “Gladman is delighted to have completed the sale of the land at Sileby to Vistry Group. The Gladman team have worked on the site since 2019, securing an Outline Planning Permission at committee and are pleased to be contributing towards the delivery of much-needed housing, S106 contributions and job opportunities for the local community.”