Vivid Housing Association buys Bargate Homes

Bargate Homes

Source: Bargate Homes

CEO says no more acquisitions are planned for now

Hampshire-based housing association Vivid has praised the role of partnerships in helping it to deliver more homes as it announced the acquisition of developer Bargate Homes.

Operating around 30,000 across the south of England, Vivid declined to reveal what it paid for the Eastleigh-based housebuilder, but said the deal would enable it to ramp up its development pipeline in the next decade, building 17,000 additional homes in Hampshire and neighbouring areas. It said it planned to build 1,200 in the next year.

But Mark Perry, Vivid’s chief executive, ruled out any more acquisitions for the time being.

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