Volume developer in deal for over 100 Build To Rent homes

Volume developer in deal for over 100 Build To Rent homes


Todays other news


The Build To Rent sector continues to grow, albeit slowly – now volume house builder Crest Nicholson has teamed up with M&G Real Estate for a fifth batch of homes.

The 104 homes will be the second phase of a Build To Rent scheme between Wokingham and Reading in Berkshire.

The M&G UK Residential Property Fund will finance the one and two-bedroom apartments. 

This latest partnership marks more than £115m of deals made under the investor-house builder arrangement established in 2015.

Chris Tinker, interim chief executive at Crest Nicholson, says: “As housebuilders we need to make a concerted effort to partner with other experts in the industry if we are to meet the government’s ambitious new homes targets. Drawing on expertise from across the sector gives us the tools to do this at speed, without ever compromising on quality.”          

Previous deals with Crest Nicholson include M&G’s £51.5 million purchase of 227 BTR units at Crest Nicholson’s Kilnwood Vale development, near Crawley in West Sussex.

 

Share this article ...

Join the conversation: Login and have your say

Recommended for you
Related Articles
Over half of Facebook Marketplace rental listings appear to be...
Rent and mortgage spending grew by 6.4% in October...
Reeves to slash Right To Buy discount on Wednesday...
Build To Rent construction is sharply down, a new survey...
A leading agent says there are renegotiations on prices of...
Reeves to slash Right To Buy discount on Wednesday...
It’s been revealed by Propertymark that HM Revenue & Customs...
Recommended for you
Latest Features
Letting agencies face the dual challenge of keeping both landlords...
Keep ‘watertight paperwork’ ahead of the Bill becoming law...
The expulsions has been shared with all relevant bodies...
Sponsored Content
Letting agencies face the dual challenge of keeping both landlords...
In an industry where compliance and client money handling are...
PropTech provider Reapit will announce the latest enhancement to its...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here