A deal has been struck as part of a huge 2,400 home development in Coventry. It has been revealed that Vistry is to deliver a further 608 homes across phases four and five of the mammoth Eastern Green development.
Dubbed a ‘sustainable urban extension’, the development has outline planning permission for 2,400 homes and other community services. It is being built in phases with Vistry together Citizen already developing phase one, which is providing 247 homes.
Across phases four and five, 304 of the homes will be sold on the open market via Vistry’s retail housing brands, with 152 homes delivered for Citizen via the site’s section 106 agreement, and the extra 152 homes delivered as ‘additional’ affordable homes.
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As well as new homes, the Eastern Green development will also eventually boast a new primary school, a new local centre, a convenience store as well as 15 hectares of new employment space and 10,000 sq m of retail space.
Speaking about the latest 608 homes deal with Citizen, James Warrington, executive chair at Vistry Group, said: “Continuing our joint venture with Citizen at Eastern Green is great example of Vistry’s long term partnerships strategy – it’s enabling us to provide more than 800 new homes across three phases, with 50 per cent of them offered in affordable tenures and the remainder for sale with one of our retail housing brands, perfectly demonstrating the strengths of the group.”
Nick Byrne, executive director of Development at Citizen, said: “We’re pleased to be continuing our joint venture with Vistry and provide more affordable and market sale homes for people living in the West Midlands.
“At Citizen we have an ambitious development programme to build homes to meet the needs of our region and we also work with our partners, including Vistry, to make a positive difference to our customers and communities.
“We’re looking forward to seeing work at Eastern Green in Coventry continue building on our existing presence in the area.”