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620-home scheme to be delivered after land sale

Source: https://www.thebusinessdesk.com/news

A Warwickshire site with planning permission for 620 homes has been sold to a council-backed partnership which will develop the scheme.Vistry and Warwick District Council’s housing company Milverton Homes have formed a joint venture to deliver the scheme on a 76-acre site in Kenilworth. Vistry was formed in 2020 by the merger of Bovis Homes and Galliford Try’s housing businesses.Warwick District Council is investing £60m into the joint venture and will receive 248 affordable homes which are zero-carbon and built to national development space standards.The site at Woodside Conference Centre and Crewe Lane forms part of the land east of Kenilworth, allocated in the adopted Warwick Local Plan and Kenilworth Neighbourhood Plan.The seller, Catesby Estates, has spent the last four years bringing the scheme forward.