(Reuters) - British housebuilder Vistry said on Tuesday it has agreed to terms with Blackstone Real Estate and Regis Group for the delivery of a portfolio of 1,750 new homes worth a gross development value of 580 million pounds ($742.3 million).

Vistry said the portfolio, concentrated in the south east of England, would be managed by private rented sector housing provider Leaf Living, which is backed by funds managed by private equity firm Blackstone and Regis.

($1 = 0.7813 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Nivedita Bhattacharjee)