Vistry completes sale of Swindon scheme
Vistry Group has completed the forward-sale of 70 new single-family (SFH) homes in Swindon to Leaf Living, a specialist provider of professionally managed new-build rental housing in the UK.
Vistry acquired the site in South Marston, just to the north-east of Swindon town centre, last year, and has already secured planning permission for 137 homes. In addition to the 70 SFH homes for Leaf Living, 29 homes have been sold to affordable housing provider Cottsway, with the remaining 38 homes to be sold on the open market via one of Vistry’s housebuilding brands.
Leaf Living’s involvement in the site forms part of its wider partnership with Vistry that was announced at the end of 2023.
Vistry will be building all of the homes with timber frame panels supplied by Vistry Works – the group’s off-site manufacturing arm that builds timber frames at one of its three factories. Each home built using these panels emits 14,460kg CO2e less than a traditional brick-and-block house.
Construction work is set to start later this year, with the first homes expected to be completed by spring 2026.
Supriya Ray, regional managing director of Vistry Cotswolds, said: “Our nationwide partnership with Leaf Living is allowing us to deliver homes for the SFH sector at scale, meeting the ever-growing demand for this housing tenure. Forward selling the majority of the site is exactly in line with the group’s wider mixed-tenure partnerships strategy, whilst we’re also utilising the capabilities of Vistry Works, helping us to build these homes faster and more efficiently, which is great news for the local community.”
Will Montague, CEO of Leaf Living, said: “The UK is in desperate need of two things to help alleviate the housing crisis – more rental stock to provide a good variety of tenure choice and a higher quality, professionally-managed rental sector. Strong partnerships, like that between Leaf Living and Vistry, which deliver newly-built homes in strategic locations, are fundamental to offering sustainable, long-term solutions that cater to modern housing needs.”
