Vistry Group partners with Anchor for affordable apartments

Vistry Group partners with Anchor for affordable apartments

Vistry Group, the UK’s leading provider of affordable mixed-tenure homes, has announced a £19 million deal to bring 77 affordable apartments to Nottinghamshire in partnership with Anchor, England’s largest not-for-profit provider of housing and care for people in later life.

Work on the apartments, which will include access to communal areas and landscaped gardens, will start imminently, addressing the strong demand for later living in the area.

The new development from Vistry Group and Anchor, built on brownfield land, will consist of one and two-bedroom apartments and is located in Edwaltong to the south of Nottingham and the River Trent. Edwalton is an area of West Bridgford and boasts some of Nottinghamshire’s most exclusive properties.

Andy Reynolds, managing director of Vistry South East Midlands, said: “We are delighted to be working with Anchor to build beautifully designed assisted living apartments for the affordable market.”

“We’re excited to be leading the way in meeting the requirements of those needing this type of accommodation when housing is in such high demand. These much-needed new homes will be built to an exceptional standard to create a thriving and sustainable community.”

Victoria Mager, director of development delivery at Anchor, said: “The development at Edwalton will offer residents the opportunity to be part of an open, inviting, and warm community. We’re looking forward to work starting in the next month and offering the opportunity for people to enjoy living in later life.”

“This new community will deliver much-needed accommodation for older people in the local area. We anticipate delivering an average of at least 500 homes a year over a rolling ten-year period. This is in addition to growing the number of homes we provide in residential care.”

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BDC 319 : Aug 2024