Agreement signed to deliver 575 mixed tenure homes

Vistry Group PLC

21 May 2024

 

21^st May 2024

Vistry Group PLC

Vistry signs agreements to deliver 575 mixed tenure homes

Vistry Group has been selected by Sovereign Network Group to construct and deliver a 100% Partner Funded scheme at Merrick Place in Ealing worth £157m.  This innovative, residential-led scheme will create 575 new mixed-tenure homes along with commercial floorspace across four separate buildings, and will include affordable homes for rent, shared ownership and PRS.  The development will be a car-free zone, featuring 926 designated spaces for bicycle parking and two dedicated servicing bays, located on Merrick Road.

Greg Fitzgerald, chief executive of Vistry Group, said:

"We are delighted to be appointed on this fantastic new development in Ealing working with one of our established partners.  Not only are we bringing forward 575 much-needed new mixed-tenure homes for the local community, but the scheme is also facilitating new job and apprenticeship opportunities for local residents.  We are proud to be playing a key part in the innovative ambitions for the transformational regeneration of Ealing and to extend our work with the newly merged Sovereign Network Group".

David Gooch, executive director of development for London and Herts at SNG, said:

"The Merrick Place project in Ealing is a flagship scheme within SNG's London New Homes Programme.  We are delighted to have contracted with Countryside Partnerships who are also our Joint Venture Partner at Northwick Park Hospital in Brent.  Together these two projects will deliver over 1,100 high quality new homes in North West London."

ENDS

For further information please contact:

Vistry Group PLC Tim Lawlor, Chief Financial Officer Susie Bell, Group Investor Relations Director FTI Consulting Richard Mountain / Susanne Yule

07469 287335 020 3727 1340

About Vistry Group

Vistry Group is the UK's leading provider of affordable mixed tenure homes.  Our purpose as a responsible developer is to work in partnership to deliver sustainable homes, communities and social value, leaving a lasting legacy of places people love.  We are a young and dynamic business with a Partnerships-led approach, delivered under our Countryside Partnerships brand, and an exciting timber-frame manufacturing operation called Vistry Works, running three factories and supporting our drive towards net zero carbon.

Delivering thousands of homes every year for the affordable and private marketplaces, Vistry Group also has an unmatched portfolio of retail brands, each with a rich history and strong reputation: Linden Homes, Bovis Homes and Countryside Homes.

We are a multi award-winning housebuilder and the Group has again been awarded the 5 Star Rating by the Home Builders Federation following the latest industry's Customer Satisfaction Survey. For more information go to www.vistrygroup.co.uk

 

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