Vistry acquires Mansfield site to bring forward affordable housing scheme

Vistry has exchanged contracts to acquire a site in Mansfield where it plans to develop almost 180 affordable homes. 

The 11-acre Penniment Lane site has been acquired from Persimmon and will be brought forward as a 100 per cent affordable housing scheme.

Dave Bradley, managing director of Vistry North Midlands, said: "This is an important step forward for Penniment Lane and for the wider Mansfield area. The scheme will provide 178 much-needed affordable homes, helping more local people access high-quality housing in a well-connected location.

"I would also like to thank everyone involved in bringing this agreement together. What would usually take months was progressed and exchanged in a matter of days, which is testament to the commitment, collaboration and determination of all parties involved."

Lauren Jeffrey, residential development partner at Gateley Legal, added: "We are pleased to have supported Vistry with residential development and planning advice to facilitate the exchange of contracts at Penniment Lane. 

"It was a true team effort to get this over the line within such a quick time frame, and it's great to see the scheme move forward and contribute to the delivery of much-needed affordable housing."

A planning application for the project is expected to be submitted in the coming months, with work anticipated to start on site in spring 2027, subject to approvals.