Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, has announced a deal to build 146 much-needed houses and apartments in Wellingborough in partnership with global investment manager Man Group’s Community Housing team.
The development at Glenvale Park is set to become a thriving community of one and two-bedroom maisonettes, and two, three and four-bedroom homes, all thoughtfully designed to complement the character of the area. The 146 homes will provide a range of tenures. The first 75 homes delivered will offer social rent and shared ownership homes, supported by Homes England.
Situated to the north of Wellingborough, the 7.8-acre site forms part of the wider 3,000-home Glenvale Park sustainable urban extension scheme. This will include 675 affordable dwellings plus a 25,000m² business park which will incorporate a new local centre with retail amenities, new communal hub, two new primary schools, a nursery and extensive parkland.
The new homes have been designed to outperform current building regulation requirements and achieve a minimum rating of EPC B whilst maximising the use of sustainable timber during the manufacturing process. Having taken over the site from Ilke, Vistry will convert the modular house designs into sustainable timber1 frame homes using modern methods of construction. The timber frame panels will be produced locally at the Vistry Works factory in Leicestershire and each home built using these panels will emit 14,460kg CO2e less than a traditional brick-and-block house.²
Andy Reynolds, Managing Director of Vistry South East Midlands, said: “We are thrilled to be working with Man Group for the first time on this exciting project. Our use of modern methods of construction will reduce the carbon footprint of these homes whilst allowing them to be built at speed to meet the housing needs of the community.
“We're excited to once again be a part of Wellingborough’s growth and to be entrusted with the build of these much-needed new homes which will create a thriving and sustainable community.”
Shamez Alibhai, Managing Director and Head of Community Housing at Man GPM, said: “Our aim is to help address the UK’s housing crisis by creating affordable, high-quality and sustainable homes. We are pleased to partner with Vistry to deliver on this ambition and develop 146 new homes in Wellingborough. By working together, we have the potential to deliver real social impact and provide environmentally sustainable communities.”
The site already has full planning permission and Vistry commenced work during August 2024.
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1Data according to Countryside Partnerships Sustainability Report 2022 confirms procurement of nearly 30,000m3 of timber and 99.9% was certified to FSC or PEFC
2Data according to Life Cycle Assessment of Embodied Carbon Report for Countryside (now part of Vistry Group) at the end of 2020.
Notes to Editors
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.
Delivering thousands of homes every year for the affordable and private market places, 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.
Man Group
Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent.
Headquartered in London, we manage 178.2 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com.
*As of 30 June 2024
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