Vistry Group issues another profit warning
Group issues further profit warning after understated development costs in South region.
Group issues further profit warning after understated development costs in South region.
Vistry Group has formed a joint venture with Warwickshire Property & Development Group and Warwickshire County Council.
John Fitzgerald, who led the London developer for 20 years, will join the company as interim MD for the South London region on 8 April.
It follows the FTSE 250 company merging its Housebuilding and Partnerships operations.
It follows reports the FTSE 250 housebuilding company recently opened negotiations with subcontractors on existing contracts – amid expectations of a £40 million hit to its profits.
Merging its Housebuilding and Partnerships operations is the ‘best scenario’, says CEO.
Henry Boot has announced that it has completed the sale of 632 residential plots in Coventry to national housebuilder Vistry.
Vistry Group and Miller Homes Ltd are working together to build over 700 new homes on a major brownfield site in Huddersfield.
Vistry Group has formed a joint venture to deliver 948 new mixed-tenure homes, with a value of £600 million.
In an official statement, the housebuilding and partnerships business said Earl Sibley will leave the company on 31 December 2024.