The partnership brings together Vistry’s national scale and delivery expertise, Zen Living Management’s affordable housing operating platform and the long-term institutional capital and investment strategy of Tristan Capital Partners’ EPISO 6 Fund.

Stephen Teagle, chief executive for partnerships and regeneration at Vistry, said: “This agreement is a strong example of how effective partnerships can unlock delivery at scale through investment across multiple sites.

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“There is a clear and pressing need for affordable housing across the country, and by working with partners who share our ambition we can help address the affordable housing crisis and make a meaningful difference in communities nationwide.”

Tom Walsh, co-founder of Zen Living Management, added: “This transaction is a strong validation of our model: a regulated for-profit operating platform that brings together blue-chip housebuilders and institutional capital to deliver affordable homes at scale.”