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Vistry upgrades profit target after strong start to 2021 Vistry CEO Greg Fitzgerald Vistry’s profit and cash performance in 2021 should be “significantly ahead” of its previous estimates, after the company reported very strong demand across the first few months of the year. The Kingshill-based company, formed through a merger of Bovis Homes and parts of Galliford Try last year, said pre-tax profit should reach around £325m this year, up from the previous estimate of at least £310m, after build rates reached “pre-pandemic rates or higher” in the first months of 2021. Vistry chief e...

Prospect House in Stonebridge where families are being evicted from - Credit: Nathalie Raffray Homeless families facing eviction from a block in Stonebridge have highlighted the difficulty in finding somewhere to live because they receive benefits. Tenants at Prospect House, in the North Circular Road, all receive housing benefit for their studio, one-bed or two-bedroom flats even if they work full time. Three families out of the 15 facing eviction in May have been found alternative accommodation by Brent Council but the remaining 12 continue to live in limbo. The entrance door at Prospect H...

By Tom Lowe2021-04-12T06:00:00 Thumbs-up for second phase of £450m development by housing association and NHS trust PRP has been given the green light for nearly 1,000 homes on land next to Northwick Park Hospital in north west London. The scheme, for housing association Network Homes, is the second phase of a £450m, 1,600-home development which will also include student facilities, commercial space and a nursery across 19 buildings on the site. It will include 40% affordable homes. The first phase, consisting of 654 homes, was given the go ahead in December last year. …

By Tom Lowe2021-04-12T05:00:00+01:00 Housing association given thumbs-up for second phase of £450m development Housing association Network Homes has been given the green light for nearly 1,000 homes on land next to Northwick Park Hospital in north-west London. The PRP-designed scheme is the second phase of a £450m, 1,600 home development which will also include student facilities, commercial space and a nursery across 19 buildings on the site. It will include 40% affordable homes. The wider 1,600 scheme will also include student facilities, commercial space and a nursery across 19 buildin...

A derelict site is set to be transformed with new affordable homes as well as a commercial space that will create new jobs. Network Homes has exchanged contracts to build 100 affordable homes and regenerate a vacant site, which is a former supermarket, in Burnt Oak Broadway. The new homes will be a mixture of one, two- and three-bedroom apartments. Seventy-five apartments will be for Shared Ownership, which helps residents buy a home with a lower deposit, 19 for London Affordable Rent, and six for London Living Rent, which is a scheme that supports residents in saving for a deposit to...