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Vistry Group has confirmed its proposed combination with Countryside Partnerships is now complete.
At a time when the UK is facing into a housing crisis that requires the delivery of 300,000 new homes a year according to the Government, the combination that completed of two leading players in the housebuilding industry, has been hailed as a "game-changer" by its chief executive.
The deal that sees Countryside Partnerships joining Vistry Group creates one of the country's leading homebuilders – and a business that will deliver thousands of homes annually for both the open market and the affordable housing sector.
"This is an historic day for our business," said Vistry Group chief executive Greg Fitzgerald. "By combining Countryside with our already flourishing Partnerships division we create a leading capability across all housing tenures at a time when the need for affordable housing has never been keener.
"Meanwhile our Housebuilding division continues to deliver an outstanding performance building Bovis and Linden Homes for the private market, with an absolute focus on delivery and service which has seen us once again ranked as a top-rated five-star builder by our customers.
"With our resilient business model of sustainable private and affordable delivery, we stand ready to build thousands of new homes, which is obviously great news for home hunters but also for our clients, contractors and local communities, where we will be bringing a much-needed economic boost.
"In developing this unique, enlarged group we are bringing together the very best of both businesses. We will integrate the two groups quickly, and in line with our values of integrity, caring and quality, bringing together our talented people to power us to further success."
The expanded partnerships business will be called Countryside Partnerships and will be headed up by Stephen Teagle, who has been chief executive of Vistry Partnerships since it was formed in 2020, having previously been in charge when it was Galliford Try Partnerships.
