Saturday, December 21, 2024

Deal completed to deliver 146 new homes in Wellingborough

Vistry Group, the provider of affordable mixed-tenure homes, has completed a deal to build 146 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 community of one and two-bedroom maisonettes, and two, three and four-bedroom homes. 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 timber 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.

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 has commenced work.

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