Land deal to bring forward £140m housing scheme

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Housing developer Vistry Group has acquired a major site in Hinckley, Leicestershire, with outline planning permission to build 475 new homes.

The site, to the east of Stoke Road and north of Normandy Way, in the north of the town, has a development value of £140m. Of the new homes being delivered, approximately 30% will be affordable, 25% will be developed for the private rented sector, and 45% will be for sale on the open market through a combination of its retail brands Bovis Homes, Linden Homes and Countryside Homes.

Andy Reynolds, managing director of Vistry South East Midlands, said: “This latest deal adds another high-quality site to our pipeline of projects in Leicestershire. With a significant shortage of supply in the area, the acquisition of this

 link source - The Business Desk

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