Clarion Housing Group and Vistry Group have announced a new joint venture to build 1,000 homes on a £400 million 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 £18million will be invested to support the building of a new primary school and a community centre. Building at the site is expected to begin this month.
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.
“The range of housing on offer – from one-bed apartments to five-bed houses – means the development will appeal to a wide range of people at different stages of their lives, creating a real sense of community.”