The first part of a massive Build To Rent scheme from developer Lendlease is nearing completion at Elephant Park in the high-profile south London area of Elephant & Castle.
The ‘Living by Lendlease’ rental homes, which will be occupied from early 2021, will be the first to be managed by the international property and investment group.
The company’s publicity says residents will be encouraged to feel they can ‘rent it like they own it’ and to regard their new property as somewhere they will be able to set up home for several years if they wish.
Lendlease - which is building the units in partnership with Canada Pension Plan Investment Board - is planning to create over 900 new Built to Rent homes at Elephant Park, the £2.5 billion regeneration project attempting to transform Elephant & Castle.
Stephanie Barbabosa, BTR head of international operations for Lendlease, says: “London is a great global city but there’s not enough quality rental housing, and that’s where Lendlease wants to help improve the offer.
“We’re experts in large-scale urban regeneration projects and being able to develop this kind of new and specialised product within a master-planned scheme of the quality of Elephant Park, where a community is already thriving, is a unique opportunity.
“A lot of thought has been put into how we can add to a sector that looks set to flourish in the UK. We’ll have all of the latest tech – but more importantly we have a commitment to providing the very best possible service for every single one of our residents.”