Vistry Group PLC (VTY.L), a residential property developer, on Monday announced that the formation of a long-term investment joint venture with Homes England, the Government's housing and regeneration agency, to accelerate the development of large-scale residential sites across England.
The joint venture, named Hestia, will be backed by 150 million pounds of capital from both Homes England and Vistry and is aiming to deliver high-quality, mixed-tenure communities at scale and pace.
Hestia will acquire and develop large strategic sites of 400 to 3,000 homes with supporting infrastructure, while also selling land parcels to SME developers to boost sustainable housing growth and wider market participation.
On Friday, Vistry Group closed trading, 3.87% higher at 622.60 pence on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.