VTY Vistry Group Plc

TIDMVTY

Vistry Group PLC

24 May 2023

24 May 2023

Vistry Group PLC

Countryside Partnerships to deliver major development in Bristol

Vistry Group PLC is pleased to announce its Partnerships division, Countryside Partnerships, has been selected as preferred partner for a 50/50 joint venture with Goram Homes, Bristol City Council's housing company, to develop 1,400 new homes at Hengrove Park. At least 50 per cent of the homes will be affordable.

There are currently more than 4,000 households on the housing register in South Bristol, and construction work is expected to commence in 2024, once Reserved Matters planning permission is granted.

The development will transform part of the existing parkland into a 22-hectare public park, including play areas, a sports pavilion, and a new community space. Goram Homes will also work with Countryside Partnerships and neighbouring South Bristol Skills College to provide on-site training to the construction stars of the future. A new energy centre containing air source heat pumps will also be developed, connecting the new homes and surrounding businesses to low carbon heating and hot water through a district heating network, managed by City Leap.

Vistry Group Chief Executive, Greg Fitzgerald, said: "Hengrove Park is a once-in-a-generation development opportunity for Bristol. It is a fantastic example of the strengths and capabilities of our business - by working in partnership with Goram Homes, we can now provide mixed-tenure homes at scale and transform this brownfield site into a thriving new neighbourhood."

Ends

For further information please contact:

 
Vistry Group PLC 
 Tim Lawlor, Chief Financial Officer        01675 437160 
 Susie Bell, Group Investor Relations 
 Director 
 
 Powerscourt                                020 7250 1446 
 Justin Griffiths, Nick Dibden, Victoria    vistry@powerscourt-group.com 
 Heslop 
 

Vistry Group

Vistry Group is one of the leading housebuilders in the country and delivers thousands of homes every year for both the private and affordable market places. We are a young and dynamic business, with successful Housebuilding and Partnerships divisions, and an exciting manufacturing operation called Vistry Works. The Group was formed in 2020 and the integration of Countryside Partnerships into the Vistry family in November 2022, has made us the biggest provider of affordable homes in the UK. The Vistry Group has an unmatched portfolio of brands, each with a rich history and strong reputation, and includes Linden Homes, Bovis Homes and Countryside Homes.

The Group has been awarded the 5 Star Rating by the Home Builders Federation following the latest home building industry's Customer Satisfaction Survey. For more information go to www.vistrygroup.co.uk

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May 24, 2023 03:00 ET (07:00 GMT)

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