Vistry, National Housing Bank Joint Venture Acquires Gamston SUE Site in Nottingham

PlacePoint, the £150 million joint venture between the government's National Housing Bank and Vistry, a UK provider of mixed-tenure homes, has announced the acquisition of part of the Gamston Sustainable Urban Extension (SUE) in Nottingham — marking the first site to be brought forward under the partnership, the firms announced June 16.

First Site for the PlacePoint Joint Venture

The Gamston acquisition represents the first site brought forward under PlacePoint, which was established with a stated aim of delivering around 4,000 homes across multiple locations in the United Kingdom. The joint venture is focused on delivering mixed-tenure communities and supporting SME housebuilders, in alignment with the government's target to deliver 1.5 million new homes.

At Gamston, PlacePoint will lead delivery of the first phase of a new neighbourhood, including up to 1,600 homes alongside supporting infrastructure. The first phase has already been submitted for planning, according to the announcement.

Gamston SUE: Site Background and Broader Scheme

The Gamston SUE was adopted through the Local Plan for Rushcliffe in 2014 as a designated location for housing and economic growth. The broader SUE totals approximately 4,000 new homes, local centres, and employment space. PlacePoint's acquisition covers only a portion of the wider site, which is being brought forward collaboratively alongside Taylor Wimpey, Barwood Land, and Arc Partnership on behalf of Nottinghamshire County Council. All partners are working together to deliver infrastructure and facilities in step with development.

Plans for the SUE include walkable streets, cycling connections, access to green space, schools, healthcare facilities, local centres, and public transport links, according to the announcement.

Community Engagement and Long-Term Stewardship

Beyond housing delivery, PlacePoint has indicated a focus on community engagement and long-term stewardship of the Gamston neighbourhood. The partners said a programme of local engagement will form a central part of the next phase of development, with an emphasis on incorporating a range of community voices. Social impact measurement is also planned to track both tangible and intangible benefits to new and existing communities.

"This joint venture brings together the expertise and long-term vision required to unlock complex sites such as Gamston," said Jennifer Murray, Director for Products, Equity and Partnerships at the National Housing Bank. "By working collaboratively with partners, we can accelerate the delivery of high-quality homes, alongside the infrastructure and services that underpin thriving places, while ensuring development responds to local priorities and ambitions."

Stephen Teagle, CEO Partnership and Regeneration at Vistry and PlacePoint representative, said: "The acquisition of Gamston marks a significant step for PlacePoint. Our ambition is not just to deliver homes, but to create a sustainable, well-connected neighbourhood shaped by and for the community. We want Gamston to be a new place that PlacePoint and the residents can be proud of."

Outlook

The partners said further updates on plans for Gamston will be shared as community engagement progresses and proposals evolve.