St. Arthur Homes secures £44m deal to deliver new shared ownership homes in Hampshire

St. Arthur Homes has acquired a further 118 homes at its Whiteley Meadows development in Winchester.The £44m deal comes as St. Arthur Homes prepares for the launch of its second phase of homes at the development.Combining a selection of mainly family houses and some apartments, St. Arthur Homes’ latest acquisition will deliver 104 shared ownership homes alongside 10 private sale homes and four affordable rent homes.The company aims to deliver at least 2,000 new homes by 2026.The homes are expected to be delivered between Summer 2023 and Winter 2026 and will include a range of two-, three-, and four-bedroom houses and two-bedroom apartments.The majority of homes will be available with shared ownership.Through the scheme, buyers will be able to buy a share of their chosen property, with the opportunity to purchase further shares in the future.The acquisition also includes the offering of 10 four-bedroom detached private sale homes.Spanning several phases, Whiteley Meadows will eventually deliver more than 3,000 new homes constructed by a group of developers led by The Vistry Group.When completed, the development will also feature new schools, a care home, a community centre, and retail options.Designated green spaces and a children’s play area will also be centred between the phases.Richard Cohen, chief executive officer at St. Arthur Homes, said: “We are delighted to have secured the opportunity to bring forward multi-tenured homes at Whiteley Meadows.“We are very excited to be preparing to launch the second phase of properties, which we anticipate will be just as popular.“An acquisition of this size would typically take around six months to complete, and we are proud to have turned it around in just four weeks. A phenomenal effort by the team and their consultant teams.“As we continue to increase our portfolio, we are pleased to continue working alongside our partners at The Vistry Group to deliver an exciting new community of homes to Hampshire’s homebuyers, and we are extremely excited to be launching our private homes alongside our affordable housing.”St. Arthur Homes is a registered provider of affordable homes specialising in shared ownership properties.Are you a social housing professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.