The first homes on the only North East new build housing development specifically designed to offer properties of all tenures are nearing completion.
Vistry Partnerships North East’s £55m Kirkleatham scheme on the edge of Redcar will eventually provide 375 properties. It will include properties of all tenures – a mix of 187 homes for private sale, 80 for Built to Rent and 108 for shared ownership and affordable rent.
Having signed a deal with Homes England to purchase the land, the housing and regeneration specialist brought in partners Sigma Capital Group plc and Beyond Housing to offer a diverse range of homes and options.
Build to Rent provider – Sigma Capital – will be offering properties for private rent as part of its first venture in the North East, through its Simple Life brand.
“We are really excited to be working with Vistry to deliver new homes in a new region for us. We are passionate about delivering high quality family houses for rent. As a build to rent landlord, we offer people a long term, ‘forever-home’ solution, with peace of mind that they are renting from a professional landlord that they can trust.
“With over 2,200 properties across the UK, we have experienced a huge demand for high quality rental family homes, so we are very much looking forward to bringing Simple Life to the North East this year.”Jason Berry, Regional MD, Sigma Capital
In addition to the Kirkleatham scheme, Vistry is working on another 350 mixed tenure development in Middlesbrough, Brackenhoe.
Having purchased the 29 acre site – adjacent to the James Cook University Hospital from Middlesbrough Council and Sports Academy – Vistry Partnerships North East have again brought Sigma Capital on board to provide 80 Build to Rent homes through its Simple Life brand.
“This is an exciting project, which is bringing a range of housing choice to the region to help address the growing need within the locality through the provision of new, high quality, well designed homes of all tenures. We have had huge interest in the development ahead of the official sales launch and show home opening, demonstrating the strong demand that exists in Redcar.”
“We share Homes England’s ambition to deliver large scale housing in fantastic landscaped settings, providing jobs and training opportunities which boost local economies and create communities in which people choose to live and work. With the ability to operate as a specialist private housing developer and a contractor supporting our partners, we look forward to playing our part in making this a reality for communities in Redcar and the North East.”Sean Egan, Managing Director, Vistry Partnerships North East