Vistry Group, the provider of affordable mixed-tenure homes, has completed contracts on a 28.5-acre site on Barnards Drive in Sileby. The land, with a gross development value of £63.2m, is being developed to build 228 family homes to help combat the need for housing in the area.
Andy Reynolds, Managing Director of Vistry South East Midlands, said: “We are thrilled to have completed contracts, bringing us a step closer to delivering much-needed mixed-tenure homes for the area demonstrating our commitment to delivering high-quality, affordable homes in a sustainable manner to enhance communities and meet the diverse housing needs in the area.
“We know that people from all walks of life will relish the opportunity to live in modern family homes and to be part of a vibrant and well-connected community here in Leicestershire.”
Situated just beyond Barnards Drive on the eastern edge of Sileby, the new development will be made up of both affordable and open market homes. The new development will feature a mix of one-bedroom maisonettes, and two-, three-, four-bedroom homes.
Julian Hamer, Senior Land Director at Gladman Developments Limited, said: “Gladman are delighted to have completed the sale of the land at Sileby to Vistry Group.
“The Gladman team have worked on the site since 2019, securing an Outline Planning Permission at committee and are pleased to be contributing towards the delivery of much needed housing, S106 contributions and job opportunities for the local community.”
All of the homes will be constructed using modern methods of construction, with timber frame panels produced at the local Vistry Works factory in Bardon, Leicestershire. This will improve the sustainability and speed of the construction process, as well as reducing disruption for the local community. Each home built using these panels emits 14,460kg CO2e less than a traditional brick-and-block house.
The site has outline planning permission with a decision on Reserved Matters expected in the next few months with a view to starting work later in 2025.
