House building firm Vistry to build 1,750 rental homes with Blackstone & Regis

06 Jun 2024 CW Team

Vistry, a British housebuilder, has announced that it has reached an agreement with Blackstone Real Estate and minority investment partner Regis to construct 1,750 homes, with a combined development value of ?580 million. This marks Blackstone's second acquisition from Vistry in eight months, following its purchase of over 2,800 mixed-tenure new homes in November.

Institutional investors like Blackstone are increasingly investing in rental properties amidst a shortage of such properties, which have demonstrated resilience compared to other commercial property sectors like offices and retail, particularly during periods of rising borrowing costs and evolving work patterns.

James Seppala, head of European Real Estate at Blackstone, emphasised the importance of institutional private capital in addressing the undersupply of high-quality housing, especially in the private rented sector. The newly acquired portfolio, focused in the southeast of England, will be managed by private rented sector housing provider Leaf Living, backed by Blackstone and Regis.

The first completions under the agreement are expected by the end of the current month, with the majority of homes slated for completion within the next two years. Despite subdued market conditions forecasted by some of its competitors, Vistry has maintained an optimistic outlook on the housing sector due to resilient demand for its affordable homes, particularly from housing associations and the private rented sector. Last month, Vistry increased its annual homebuilding target by approximately 3% to over 18,000 units. (Source: ET)

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..