Vistry snaps up Worcester site to develop 230 homes
Vistry has acquired a site in Worcester from Bloor Homes, with plans in place to deliver 233 homes.
It will partner with build-to-rent provider Sigma to deliver 70 homes for its brand Simple Life Homes, adding to the 7,700 existing portfolio of homes across the UK.
The remainder of the development will comprise 33 homes for social rent, 14 homes for shared ownership and 116 homes for general market sale with Vistry’s housebuilding brand Bovis.
The site already benefits from outline planning permission forming part of the larger Elgar Park scheme being built by Bloor.
Vistry has already secured reserved matters permission for the first 72 homes, with construction set to commence this month.
Supriya Ray, managing director of Vistry Cotswolds said: “We’ve worked closely with Bloor to secure this site which will deliver a significant number of mixed-tenure homes. By collaborating again with our long-term partner Sigma, we can provide a range of high-quality homes for rent, whilst also using the Group’s well-known open market housebuilding brand Bovis Homes, giving local people an excellent range of housing choices.”
Robert Mitchell, investments & acquisitions analyst at Sigma said: “We’re delighted to be part of this new development with our trusted, long-term partners, Vistry Group. Our Simple Life Homes will form a mix of 2, 3 and 4 bedrooms – perfect for local families looking to rent a high quality home whilst benefitting from a professional approach to renting. This is an exciting development, as it is a new area for Simple Life, adding to the c.7,700 existing portfolio of homes across the UK.”
