Deals round-up: November 2024

EMH Group, Metropolitan Thames Valley Housing, Vistry Group and Start Living

Vistry Group has completed the first properties at a new 333-home development in Nottinghamshire.

The Alvaredus scheme, in Fairham, will include 165 affordable homes, with 100 to be owned and managed by EMH Group and 65 to be available through G15 landlord Metropolitan Thames Valley Housing.

A total of 68 homes will be sold on the open market under Vistry’s Countryside Homes brand, and 100 will become private rental homes through Start Living, the single-family build-to-rent joint venture between Gatehouse Investment Management and TPG Real Estate Partners.

Platform Housing Group and Vistry

Platform Housing Group has agreed a deal with Vistry to build 150 affordable homes in Gloucestershire. 

A total of 90 homes on the scheme in Ashchurch will be for social rent and 60 for shared ownership. 

Vistry is working to secure full planning consent by the end of the year. Work is expected to start on site next April with the first homes available from September and completion of the project expected in September 2027. 

WDH and Avant Homes 

Social landlord WDH has agreed a £21m deal with house builder Avant Homes to build 118 energy-efficient homes. 

The house builder will deliver the homes across its Eden Fields development in Edenthorpe, near Doncaster, and Smithy Wood Gate in Dodworth, near Barnsley. 

The first homes are due to be handed over to WDH next spring. All of the homes are expected to be completed by spring 2028. 

MSV Housing and Manchester City Council 

MSV Housing has started work on the construction of 50 flats at the old Chorlton Leisure Centre in south Manchester. There will be 47 social rent flats, a mix of one and two-beds for the over 55s, which the housing association will manage. 

The remaining three flats will be leased to Manchester City Council, under an initiative to help those needing support and adapted accommodation following a hospital stay. 

Around £14m will be invested into the scheme through a mix of funding from Homes England, Greater Manchester Combined Authority, Manchester City Council and MSV Housing. The development is scheduled for completion in 2026.

First Choice Homes Oldham and Lovell 

Lovell has developed 47 homes in Greater Manchester for housing provider First Choice Homes Oldham as part of a £12.2m deal. 

The properties are part of the 55-home Eden Park development, in Middleton, delivered by Lovell. Out of these, a total of 47 affordable homes will be managed by First Choice Homes Oldham, including 19 shared ownership, 11 affordable rent properties and 17 Rent to Buy homes. 

Residents have moved into these affordable homes, while the remaining eight homes will be for open market sale. 

Cordale Housing Association and AS Homes 

Cordale Housing Association has started work on a £5.4m development of 25 new homes at Dalquhurn in Renton, West Dunbartonshire, Scotland. 

Contractor AS Homes recently started work on the development that will deliver 15 two-bedroom houses, eight three-bedroom houses and two four-bedroom houses. The project, which received over £2.6m from the Scottish government, is expected to be completed by August 2025. 

Vivid and Imperial Homes 

South of England-based housing association Vivid has taken handover of 18 homes in Fareham, Hampshire, delivered in partnership with Imperial Homes. 

These are made up of eight social rent homes and 10 shared ownership homes, now ready for customers to move in. The construction started in January 2022, with the first homes completed in September 2024. 

Raven Housing Trust and EDAROTH 

Affordable and social housing developer EDAROTH has started work on a multiple-site scheme in Surrey to deliver sustainable affordable homes via off-site construction, in partnership with social landlord Raven Housing Trust. 

The homes will be the first to be delivered by EDAROTH, which stands for Everyone Deserves A Roof Over Their Head, for a housing association. The firm is a subsidiary of Canadian engineering and project management giant AtkinsRéalis. 

The homes will be built across four development sites in Epsom and Reigate & Banstead Borough Council areas, repurposing disused garage sites belonging to Raven. The initial development will provide 12 homes.