Clarion Housing Group and Vistry Group have announced a new joint venture to build 1,000 homes on a €431.2m (£400m) development at Collingtree, near Northampton. 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.
Clarion and Vistry Group will also make a significant investment in social infrastructure, providing a number of facilities to support the local community. A total of €19.4m (£18m) will be invested to support the building of a new primary school and a community centre.
Richard Cook, Group Director of Development at Clarion, said: “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.”
John Lougher, Strategic Land managing director at Bovis Homes – part of the newly-formed Vistry Group – added: “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.