To deliver our bold vision that everyone has a home, we have an ambitious development plan. Working in partnership with housebuilders, other housing associations and local councils to form 'joint ventures' plays a vital role in achieving this goal. The ability to pool resources and share risk makes joint ventures the ideal vehicle for getting large developments off the ground. This collaborative approach to housebuilding will enable the sector to deliver the homes the UK needs. If you are seeking a Joint Venture partner then please contact Jane Gallifent.
Our joint venture partnership with Vistry Homes will deliver 1,436 homes by 2025. The partnership, which consists of five sites across the south of England, represents a £343 million investment across both businesses.
Vistry Group was formed by Bovis Homes’ acquisition of Galliford Try’s housebuilding arm Linden Homes and the partnerships division of Vistry Partnerships, in January 2020.
More than a quarter of the homes we will provide will be for affordable tenures with the rest for private sale. To date, through these partnerships, we have delivered more than 700 homes, with 111 private sale and 17 affordable units completed during the last financial year (2020/21).
Located just outside of the picturesque market village of Botley on the edge of the River Hamble, Boorley Park, our joint venture with Linden Homes, is set to deliver 448 new homes in Boorley Green, Eastleigh by 2023.
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This JV with Vistry Homes and was launched in Spring 2019 to deliver 130 homes of which 33 are affordable rent and shared ownership.
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The first homes at Tithe Barn were handed over in April 2016 and construction is still ongoing. Comprising one, two, three and four-bedroom high-quality homes in a village-like setting, the properties are being built to level four of the Code for Sustainable Homes as well having heating and hot water supplied by a local district heating network.
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As an important part of our development programme we are always looking for new opportunities to work with housebuilders. Please contact one of the team below if you have an idea you’d like to discuss.
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Aster Group supplies a wide range of housing options in response to the housing crisis, working towards its vision of ensuring everyone has a home. The not-for-dividend business was established in 1990 and has £2 billion worth of assets. Aster plans to invest £2.5 billion to deliver 12,000 new homes by 2030. Aster forecasts delivering over 1,300 homes during the current financial year (2022/23) across all tenures. The Group reinvests profits from open market sale and shared ownership to support the development of affordable rented homes. It owns and maintains over 34,500 homes and employs more than 1,720 people. Aster Group’s corporate social responsibility commitments set out the additional work the business chooses to do. For more information, visit our website.
For further information visit Central and Cecil Housing Trust and East Boro Housing Trust who form part of the Aster Group.
