Vistry Group and Clarion Housing Group have formed a new joint venture to build 1,000 homes at Collingtree, near Northampton in England, UK.
Estimated to cost ₤400m, the mixed tenure development will include 700 homes for private sale, ranging between one and five-bedroom homes from Vistry Group’s new property collection.
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The remaining 300 will be affordable homes, out of which 195 shall be shared ownership and 105 shall be affordable rental homes.
The joint venture has increased the number of affordable homes, which was claimed to be a priority for both organisations. Construction at the site is expected to begin this month.
Vistry and Clarion Housing have agreed to invest significantly in social infrastructure, offering several facilities to support the local community. A total of ₤18m will be invested to support the construction of a new primary school and a community centre.
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Vistry Group’s brand Bovis Homes strategic land managing director John Lougher said: “We are delighted to announce the joint venture with Clarion Housing Group to deliver much-needed homes in the area and look forward to working closely with them. Local house hunters will benefit from a wide range of stunning homes within a popular, easy-to-reach location.
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By GlobalData“The range of housing on offer – from one-bed apartments to five-bed houses – means the development will appeal to a wide range of people at different stages of their lives, creating a real sense of community.”
The location next to Collingtree Park Golf Club is claimed to become a flagship development over the next decade, boosting investment and jobs in the region.
Clarion Housing Group development group director Richard Cook said: “This is our fourth joint venture with Vistry Group, as we continue to build a relationship with shared values and a common commitment to creating sustainable and mixed communities.”
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Image: Artist’s impression of the Collingtree development. (Credit: Bovis Homes Limited.)
