23 April 2026
Vistry agrees forward funding deal with Thriving Investments for 58 private rental homes
Vistry, the UK’s leading provider of mixed-tenure homes, has agreed a forward funding deal with Picture Living, the private rental sector (PRS) platform managed by Thriving Investments, for 58 single family private rental homes at Leighton West, Crewe.
The PRS homes will form part of a 791-home development on a 117-acre parcel of land off Minshull New Road and Flowers Lane. Vistry Group and Bloor Homes secured consent for the development from Cheshire East Council in 2024.
Vistry’s forward funding deal with Picture Living comes as progress continues at pace across the Leighton West site, with additional open market plots now on sale in Foxglove Place through Vistry’s Linden Homes brand.
Vistry will deliver 408 of the 791 homes at Leighton West, including 208 for affordable housing provider Plus Dane. Of these, Plus Dane will make 60% (123 homes) available as social rent homes with the remaining 40% (85 homes) offered as affordable home ownership.
Further homes will soon be offered for open market sale in Nightingale Grove through Vistry Group’s Bovis brand.
The Leighton West scheme forms part of a wider masterplan for land close to Leighton Hospital and is a key part of Cheshire East’s local plan. The development will contribute £5.6 million to enhance local community services and facilities. This includes a new mixed-use local centre featuring community and leisure facilities, a pub, a children's day nursery, and a site for a new primary school. Additional contributions will fund improved cycle links, highway works, NHS support, and Travel Plan monitoring.
Matthew Parkes, Managing Director of Vistry Manchester & Cheshire East, said:“This deal is exactly in line with our partner delivery strategy, as it will provide high quality rental housing on this large, multi-tenure site. We’re committed to creating mixed-tenure developments and partnerships with organisations like Thriving Investments, helping to deliver more accessible housing options for families and individuals.”
Jamie Younger, Chief Investment Officer and Picture Living Fund Director, from Thriving Investments, said:“At Thriving Investments, we create funding avenues that help address challenges in the housing market. As regulatory changes reshape the private rented sector, we’re seeing many smaller landlords reassess their position, leading to more leaving the sector, which in turn is driving up rents for working families and pricing more people out of the market. We’re proud to build on our partnership with Vistry to provide long-term, stable investment that ultimately creates more homes for families, enabling them to live in the communities they know and love.”