Vistry Group and Clarion Housing Group have announced a new joint venture to build 1,000 homes on a £400million development, at Collingtree, near Northampton.
Artist's impression of the Collingtree development
The mixed tenure development will comprise 700 homes for private sale, which range from one to five-bedroom homes from Vistry Group’s new property collection. There will be 300 affordable homes in total, 195 for shared ownership and 105 for affordable rent. The strength of the joint venture has allowed an increase in the number of affordable homes, which was a priority for both organisations.
Vistry Group and Clarion will also make a significant investment in social infrastructure, providing a number of facilities to support the local community. A total of £18million will be invested to support the building of a new primary school and a community centre. Building at the site is expected to begin this month.
John Lougher, Strategic Land managing director at Bovis Homes – part of the newly-formed Vistry Group – 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.
“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."
John added the location, by Collingtree Park Golf Club, would become a flagship development over the next decade, boosting investment and jobs in the area.
Richard Cook, group director of Development at Clarion, added: “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.”