Vistry Group has entered into a landmark £580 million build-to-rent deal with Regis and our partners, Blackstone, marking a significant move in the UK housing market. The agreement involves the delivery of approximately 1,750 new homes across 36 Vistry developments primarily concentrated in the South-east of England.
A Strategic Move in the UK Housing Market
Leaf Living will manage the homes. The deal follows Vistry’s strategy of pre-selling 65% of units.
This pre-sale approach provides Vistry with financial stability and allows for accelerated construction timelines, helping the group meet its medium-term financial targets. Greg Fitzgerald, Chief Executive at Vistry Group, commented on the agreement:
“By working in partnership with organisations like Leaf Living, we can maximize the number of high-quality homes we deliver every year. This agreement supports our differentiated business model, with the certainty provided by the pre-selling of homes enabling us to accelerate our build programmes, guarantee work for our supply chain, reduce sales and build costs, and create vibrant new communities.”
James Seppala, Head of European Real Estate at Blackstone, emphasized the significance of private capital in addressing housing shortages:
“Institutional private capital can play an important role in providing high-quality housing stock across the UK, particularly in the private rented sector, which is significantly undersupplied today. Partnerships such as these can meaningfully accelerate the delivery of new homes and help alleviate structural undersupply across the sector.”
Addressing the UK Housing Shortage
This £580 million deal reinforces Vistry’s commitment to delivering high-quality homes and highlights Regis's strategic foresight in the sector. Regis established Leaf Living to address the growing demand for privately rented housing in the UK.
Since its inception, Leaf Living has been instrumental in expanding the availability of high-quality rental properties, driven by Regis's comprehensive strategy and supported by Blackstone’s financial backing.
As the UK grapples with an acute housing shortage, this partnership represents a significant advancement in increasing the supply of high-quality, privately rented homes while bolstering Vistry’s strategic growth and financial objectives.
Most homes under this agreement are expected to be finished within the next two years.
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