Vistry Group PLC

20 January 2023

20 January 2023

Vistry Group PLC

Countryside Partnerships acquires major site in Warrington with plans to deliver circa 1,200 homes

Countryside Partnerships ("Countryside"), part of Vistry Group PLC ("Vistry"), and Torus, the largest provider of affordable housing in the North West, have acquired the 170-acre Peel Hall site in Warrington and will move forward with plans to deliver circa 1,200 homes. The homes will be delivered by both Countryside and Vistry's Housebuilding business in a joint venture with Torus.

Countryside will deliver 595 affordable homes in partnership with Torus, as well as 595 homes available on the open market. The affordable homes will offer a mixture of shared ownership and affordable rent.

The completed development will include significant public realm open space, new sports pitches and the creation of a high-quality residential environment.

Stephen Teagle, Chief Executive of Countryside Partnerships, commented:

"Our team has done a great job working with key partners to secure this land. We will be providing high quality new homes across all tenures, creating a place with enduring quality. Peel Hall has been one of the most sought-after sites in the North West and it is fantastic that through our Partnerships and Housebuilding businesses we will be delivering much-needed new homes for the local community. This purchase will help underpin our strategic growth plans for the coming years and through our partnership approach, working alongside Torus, we will accelerate the delivery of housing and the creation of places people love."

Work on site is scheduled to commence in mid-2025 once full planning permission is secured.

For further information please contact:

  Justin Griffiths     020 7250 1446/ vistry@powerscourt-group.com 
  Nick Dibden 
  Victoria Heslop 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

January 20, 2023 03:00 ET (08:00 GMT)

Vistry (LSE:VTY)
Gráfico Histórico do Ativo
De Nov 2023 até Dez 2023 Click aqui para mais gráficos Vistry.
Vistry (LSE:VTY)
Gráfico Histórico do Ativo
De Dez 2022 até Dez 2023 Click aqui para mais gráficos Vistry.