A series of new BTR schemes have been named by developers.

In Coggeshall, north Essex, Vistry Group will deliver 36 homes, the first of which will be available at the start of 2024. 

In Elsenham, north-west Essex, a site will be developed by Dandara and will deliver 27 homes, with the first units completing in summer 2024. I

Picture Living has a mandate to invest in high-quality new or modern homes for rent across the UK. It has amassed a portfolio of some 1,725 single family homes and apartments to date, including just over 160 currently under development. It recently took full ownership of 106 single family homes across three schemes in Market Harborough, Warwick and Derby, all delivered by Avant Homes. Progress is also being made at Heyford Park, Bicester, which comprises 100 homes, where the first homes are expected to be available to residents in early 2024.

Picture Living is looking to grow the portfolio over the next 12 months. 

However, it has also sold two BTR portfolios – Spark and Seville – which has allowed it to recycle funds to target new single family homes.