Vistry Group completes deal to deliver 133 affordable homes for Rushden including an investment of £34m

Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, has announced a £34 million deal to bring 133 much-needed affordable family homes to Rushden in partnership with Platform Housing Group.
Watch more of our videos on Shots! 
and live on Freeview channel 276
Visit Shots! now

The site, which was marketed by Savills East Midlands development team and formerly owned by Co-op, benefits from full planning permission and work is expected to start in summer 2024.

This new development will consist of one-, two-, three-, and four-bedroom houses and maisonettes, including air source heat pumps to reduce carbon emission, with thoughtfully designed green spaces to create a beautiful new area which will integrate well with the local community. As well as new homes, the development will also mean more than £700,000 of investment in services to benefit the whole community.

Hide Ad
Hide Ad

All the homes will be manufactured off site using open panel timber frames from the Vistry Works East Midlands factory in Bardon. Building homes using this modern method of construction (MMC) reduces the carbon footprint of every property. Each home built using these panels emits 14,460kg CO2e less than a traditional brick-and-block house.

Site plan for RushdenSite plan for Rushden
Site plan for Rushden

Andy Reynolds, Managing Director of Vistry South East Midlands, said: “We are thrilled to be working with Platform Housing Group on this 100% affordable development which will not only meet the housing needs of the community but create beautiful green spaces which blend with the local environment.

“We're excited to be a part of Northampton's growth and to be entrusted with the build of these much-needed new homes which will contribute to the unique character of the area as well as releasing over £700,000 of investment in local services to create a thriving and sustainable community.”

Ann Taylor, Director at Savills, acting on behalf of Co-op, said: “We are delighted to see this site complete and come forwards for development. The land has been vacant for a long time, therefore the new homes, the significant S106 contributions into the wider community, and the associated new jobs are all a welcome benefit of development. It is exciting to finally see this scheme become a reality.”

Hide Ad
Hide Ad

Vistry is working with Platform Housing Group on a growing number of housebuilding schemes in the Midlands including developments in Brindley Edge, Kerseley and Sphinx Drive in Coventry, Brookmill Meadows in Warwickshire, Great Haddon, and Kingmakers View in Wolvey with other exciting partnership projects in the pipeline.

Michael Baggett, Director of Land and Partnerships at Platform Housing Group, added, “Strong partnerships that truly work for all parties will be the key to unlocking opportunities and delivering affordable housing at scale. At Platform we are determined to keep building homes and working with Vistry, we are proud to be offering so many people the chance to have a place they can call home.”

The parties’ professional advisors were Rachel Saint of Paris Smith acting for Co-op, Patrick Aide of Freeths acting for Vistry Group and Gabor Taller acting for Platform Housing Group.

Related topics: