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    Home » Vistry North East Aims for Record-Breaking Year in Housing

    Vistry North East Aims for Record-Breaking Year in Housing

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    By Perthshire Scotland on September 21, 2024 News
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    Vistry North East is on track for a record-breaking year, planning to build 800 new homes across 15 sites, from Morpeth in the north to Guisborough in the south. The developer expects to surpass a £150 million turnover for the first time, signalling strong growth within the region’s housing market.

    The company attributes its success to strategic partnerships with housing associations, build-to-rent operators, and Homes England, the government’s housing acceleration body. These collaborations allow Vistry to construct developments up to four times faster than traditional private-sale developers, enabling a swift response to housing demands.

    Sean Egan, Managing Director, explained, “While the speed of housebuilding is normally dictated by the state of the private housing market, the pre-sale of homes to our partners across multiple tenures accelerates site establishment and construction. This approach allows us to build more quickly than our competitors and develop vibrant new communities.”

    Despite the emphasis on speed, Vistry maintains a commitment to quality. The firm has consistently achieved top ratings from the National House Builders Council (NHBC) for quality in the North East and has garnered several awards, including the NHBC Pride in the Job and Premier Guarantee Quality Recognition. Vistry also boasts a Five Star rating from the House Builders Federation, reflecting high customer satisfaction.

    Sustainability is a core principle for Vistry North East, with a significant proportion of homes being constructed using timber frames produced in the company’s factories. The firm aims to become a net-zero organisation by 2040, working diligently to reduce waste and the environmental impact of construction materials.

    Upcoming projects include developments that will yield 670 homes near Stockton, 660 at Kirkleatham just outside Redcar, and 441 at Morpeth. Other sites in Bishop Auckland, Gateshead, Middlesbrough, Sunderland, and Birtley will also contribute to the housing stock. Additionally, Vistry is set to provide over 300 specialist homes for older residents at Guisborough and Penshaw, with further plans in Morpeth.

    Egan emphasised the importance of regeneration in these developments, stating, “Many of these projects will breathe new life into areas that need economic and social uplift. They will create jobs, apprenticeships, and training opportunities, while also providing income for local businesses.”

    The introduction of Bovis and Countryside private sale home brands alongside the existing Linden Homes will further enhance Vistry’s offerings in the region.

    “I don’t believe any other operator can match our quality or pace in creating desirable new places sustainably. These efforts exemplify a responsible developer that is committed to investing in local communities,” Egan concluded.

    Vistry North East is part of the Vistry Group, a leading provider of homes for sale, shared ownership, private rent, and affordable rent in the UK.

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