Vistry Group has completed two forward-sale housing deals at a site in Knottingley near Pontefract, West Yorkshire.
The company has forward-sold 109 homes to affordable housing provider Incommunities and agreed the forward-sale of 55 homes to Sigma for its Simple Life build-to-rent brand. The remaining 54 homes will be sold on the open market by one of Vistry’s housebuilding brands.
Andrew Poyner, managing director of Vistry West Yorkshire, said: “This latest site in Knottingley plays entirely to the strengths of our partner-delivery model – by working in partnership with Incommunities and Sigma we can provide a wide range of housing choices, giving local people genuine opportunities to own or rent a high quality new home.
“At the same time, our experience of transforming sites like these into thriving new neighbourhoods means that we can bring new benefits to the community, generating additional social value by using local supply chain partners and investing in public services.”
Aimee Law, director of development and regeneration at Incommunities, added: “We’re proud to be working in partnership with Vistry on this exciting development in Knottingley, as well as on other projects across the West Yorkshire region. These new 109 homes, offering both social rent and shared ownership, will provide much-needed affordable housing for local people.
“This development is part of our wider ambition to deliver 350 new homes each year across the region, as set out in our development and regeneration strategy, helping to build stronger, more sustainable communities.”
Kenny Brewster, acquisitions and investments director at Sigma, said: “We’re delighted to be part of this new neighbourhood with our long-standing partners, Vistry. We are looking forward to launching Simple Life and the build to rent proposition to the local renters of Knottingley.
“Not only will our homes provide Vistry’s outstanding quality and specification, renters will benefit from a professionalised approach to renting. With an established track record of building new mixed tenure housing developments with Vistry and other affordable housing providers, we’re excited to see this new community flourish.”
