INDUSTRY NEWS 5
Vistry North East predicts fi rst £150m turnover
Story Homes Penrith
scheme gets green light
Vistry North East said it is “building more homes, more quickly,” and is “eyeing a record breaking year” for 2024 in its recent statement.
Bucking the trend in some regions
Vistry North East is currently targeting 800 new properties across 15 sites, from Morpeth in the north to Guisborough in the south. The company said it “is confi dent of passing 10m turnover for the fi rst time and continuing this growth trajectory.” Vistry said that key to this success were its “partnerships with housing associations, build to rent operators and Homes England, which enable Vistry to build out sites up to four times faster than traditional private sale only developers. Managing director, Sean Egan, explained: “While the speed of housebuilding is normally determined by the state of the private housing market, the pre-sale of homes to our partners across multiple tenures establishes sites much earlier and delivers far faster construction of the entire development, including our own private sale housing. As a result, we are building much more quickly than our competitors, establishing new places and vibrant communities at pace.” Vistry has consistently topped the monthly National House Builders Council (NHBC) quality ratings in the north east, and the business also has a House Builders Federation (HBF) Five Star customer ratings.
Sustainability is “at the forefront
of istry’s thinking, said the fi rm. A signifi cant proportion of the homes in the north east are now being delivered
through the company’s three timber frame factories. The plan is to be a net zero organisation by 2040.” The fi rm added A lot of work is underway to further improve operational processes, including reducing waste and the environmental impact of the materials used, and to minimise greenhouse gas emissions and running costs for customers.” istry orth East is developing several major sites including develoments providing 0 homes near Stockton 0 homes at Kirkleatham, near Redcar 441 homes at Morpeth 401 homes at Bishop Auckland 44 in Gateshead 2 in Middlesbrough 2 in Sunderland and 20 at Birtley. In addition, extra care developments providing over 300 specialist homes for older people are underway at Guisborough and Penshaw, with another due to start shortly in Morpeth. istry orth East added Bovis and Countryside private sale home brands will be added to the existing Linden Homes being built in the region.”
Story Homes has secured planning permission to deliver 194 new homes and associated infrastructure on land off Inglewood Road, Penrith. Westmorland & Furness Council resolved to grant planning consent for the scheme at its Planning Committee meeting in July. The scheme will form a second phase of Story Homes’ development ‘The Fairways’ which was completed in 2020.
Of the total number of properties, 20% will be classed as affordable homes for suitable applicants with a connection to the local area, and the scheme also includes a 0,000 contribution towards improvements at Fairhill playing fi elds. Story Homes’ proposals for the new development offers a variety of two to fi ve bedroom homes with exible, open plan living spaces. The scheme has been carefully designed to provide for an appropriate extension to the urban environment with attractive new street scenes, new walking routes and connected open spaces, said the developer. Adam McNally, senior land and planning manager for Story Homes Cumbria & Scotland, said: “Our team has worked closely with Westmorland & Furness Council, taking into consideration their feedback. Phase two of The Fairways will enable us to continue to bring more high-quality homes to the local area to help meet local demand for housing and economic growth ambitions.” This new residential development will also create benefi ts for the local economy during the construction phase as a result of direct and indirect employment opportunities through the sub-contractor and supply chains, as well as an increased demand for local services when the new homes are occupied.
WWW.HBDONLINE.CO.UK
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84
