Vistry Group has purchased a 28.5-acre residential development site on Barnards Drive in Sileby, Leicestershire, from Gladman Developments for an undisclosed price.
The £63.2m GDV site will house 228 family homes constructed using modern methods of construction, with timber frame panels produced at the Vistry Works factory in Bardon, Leicestershire.
The new development, which will feature affordable and open market homes, will provide a mix of one- bedroom maisonettes, and two-, three- and four-bedroom homes.
The site already has outline planning permission with a decision on reserved matters expected in the next few months.
Andy Reynolds, managing director of Vistry South East Midlands, said: “We are thrilled to have completed contracts, bringing us a step closer to delivering much-needed mixed-tenure homes for the area demonstrating our commitment to delivering high-quality, affordable homes in a sustainable manner to enhance communities and meet the diverse housing needs in the area. We know that people from all walks of life will relish the opportunity to live in modern family homes and to be part of a vibrant and well-connected community here in Leicestershire.”
Julian Hamer, senior land director at Gladman Developments, added: “Gladman are delighted to have completed the sale of the land at Sileby to Vistry Group. The Gladman team have worked on the site since 2019, securing an outline planning permission at committee and are pleased to be contributing towards the delivery of much needed housing, S106 contributions and job opportunities for the local community.”
