Blackstone Real Estate and Regis Group completed the acquisition of 1,7k homes from Vistry Group for £580m.

Blackstone Real Estate, an investment management specialised on real estate, and Regis Group, a specialist in residential property investment opportunities, completed the acquisition of 1,7k homes from Vistry Group, a British house-building company, for £580m. “By working in partnership with organisations like Leaf Living we can maximise the number of high-quality homes we deliver every year. This agreement supports our differentiated business model, with the certainty provided by the pre-selling of homes enabling us to accelerate our build programmes, guarantee work for our supply chain, reduce sales and build costs and create vibrant new communities. This year we are on track to deliver more than a 10% increase in new home completions, playing a key part in helping to address the UK’s acute housing shortage,” Greg Fitzgerald, Vistry Group Chief Executive.