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Massive £120m Build To Rent deal revealed by volume builder

Volume developer Crest Nicholson has announced its biggest Build To Rent deal, worth £120m, organised in tandem with financial firm Oaktree.

The transaction involves the sale of 403 units across three developments in Southern England; they are at Farnham, Southamption and Walton-on-Thames. 

The properties are due to be completed over the next two years; with first completions due to take place at Farnham in early 2022 and the last completions at Walton in the summer of 2023.

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Kieran Daya, managing director at Crest Nicholson Partnerships & Strategic Land, comments: “Given the increasing demand within the private rental sector for a higher standard of living, we are proud to … deliver homes for renters and helping address the UK’s housing challenges. Oaktree … are experts within their field and know how to deliver rented accommodation that further enhances any development and benefits to the local economy.”

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