{"id":6512,"date":"2025-07-10T07:46:48","date_gmt":"2025-07-10T07:46:48","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=6512"},"modified":"2025-07-10T07:46:48","modified_gmt":"2025-07-10T07:46:48","slug":"vistry-eyes-second-half-affordable-homes-work-surge","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/vistry-eyes-second-half-affordable-homes-work-surge\/","title":{"rendered":"Vistry eyes second-half affordable homes work surge"},"content":{"rendered":"
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Vistry is predicting a surge in new contracts in the second half of the year after reporting a solid first-half performance.<\/p>\n

In a first-half trading statement this morning, the partnership homes builder said expected first-half pre-tax profit of around \u00a380m (H1 24: \u00a3121m), in line with expectations.<\/p>\n

Vistry said it was already starting to seeing early market improvement following the recent Government affordable homes spending commitments, and had secured a forward order book worth \u00a34.3bn.<\/p>\n

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Chief executive Greg Fitzgerald said: “<\/em>We have worked closely with our partners, identifying a strong pipeline of development opportunities, and expect the funding and other important initiatives to support a significant step up in new contracts with our affordable housing partners in H2 2025, with strong momentum going into 2026.”<\/p>\n

Affordable housing deals made up around 73% of completions in the first half, and while delivery dipped to 6,800 homes (down from 7,792), Vistry said its strategic pivot to capital-light partnerships and long-term alliances with housing providers looked set to pay off.<\/p>\n

The group said its net debt had come in better than expected at around \u00a3295m \u2013 down from \u00a3322m the same time last year. It also successfully refinanced its \u00a3900m debt facilities out to April 2028 with no changes to terms or lenders.<\/p>\n

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The firm has already completed \u00a357m of its \u00a3130m share buyback and is targeting an uptick in land buying in the second half after securing 3,113 plots across 14 sites in H1.<\/p>\n

Fitzgerald added: \u201c<\/em>We are looking forward to playing a key role in the delivery of this new Affordable Homes Programme and, in doing so, supporting the Board\u2019s long-term value creation strategy.\u201d<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/YDJNwj2<\/p>\n","protected":false},"excerpt":{"rendered":"

Vistry is predicting a surge in new contracts in the second half of the year after reporting a solid first-half performance. In a first-half trading statement this morning, the partnership homes builder said expected first-half pre-tax profit of around \u00a380m (H1 24: \u00a3121m), in line with expectations. Vistry said it was already starting to seeing […]<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-6512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=6512"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6512\/revisions"}],"predecessor-version":[{"id":6513,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6512\/revisions\/6513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/154"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=6512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=6512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=6512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}