SNG (Sovereign Network Group) and Vistry Group have formed a new joint venture partnership to deliver 595 new homes in Thornbury, South Gloucestershire.
The scheme will provide up to 50% affordable homes in a mix of tenures including social rent, affordable rent and shared ownership. Vistry will sell the open market homes via one of its three retail brands – Linden Homes, Countryside Homes and Bovis Homes.
The scheme will also feature a new primary school, retail and community space, 44,000 sq m of public gardens and recreational open space, 3,000 sq m of allotments and 120,000 sq m of natural and semi-natural open space for wildlife and biodiversity conservation.
Susan Scholfield, regional managing director of Vistry Bristol, said: “This is a transformative development opportunity in Thornbury that can provide a significant number of high-quality, mixed tenure homes, including a high proportion of affordable homes. By working in joint venture partnership with SNG, we can share expertise and significantly enhance the local housing supply, offering local people a wide range of housing choices.”
Tom Titherington, chief investment and development officer at SNG, added: “This site is a positive step towards delivering our ambitious plans for tens of thousands of good, affordable, new homes that are desperately needed. I’m delighted that our new joint venture with Vistry will form a vital part of the delivery of this vision in South Gloucestershire.
“To maximise our impact, we’re always looking to work with partners like Vistry that share our vision of building high quality, sustainable neighbourhoods with the range of supporting facilities and infrastructure that will form a thriving community over generations at Pickedmoor.”
