Clarion Housing Group and Vistry Group have announced a new joint venture to build 1,000 homes on a €431.2 million ($464 million) development at Collingtree, near Northampton, England.
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 organizations.
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 €19.4 million ($20.9 million) will be invested to support the building of a new primary school and
