https://www.investegate.co.uk/announcem ... al/7864211
Vistry Group signs £819m partnerships deal with Leaf Living and Sage Homes for the delivery of more than 2,900 mixed tenure new homes
Vistry Group ("Vistry" or the "Group") is pleased to announce it has made significant progress with its strategy to merge its Housebuilding operations into its Partnerships business through the signing of a substantial partnership agreement with Leaf Living ("Leaf") and Sage Homes ("Sage"), both of which are backed by Blackstone-managed funds and Regis Group plc.
Leaf and Sage are to acquire 2,915 units from the Group totalling a gross development value of £819m. The homes are on plots located across 70 of Vistry's developments, with delivery to commence this year and the majority of homes completed within the next two years. The plots formed part of the Group's former Housebuilding landbank and are being pre-sold in-line with the Group's strategy of pre-selling c. 65% of all units across the business.