Lloyds Bank’s Build To Rent arm is buying another 84 homes to add to its portfolio.

They are being built by Bellway on the former WWII airbase RAF West Malling, at Kings Hill in Kent.

Lloyds Living’s purchase is made up of one and two-bedroom flats and the first homes will be available to rent this year.

The wider Kings Hill regeneration project has seen the development of more than 3,000 homes since 1990, as well as new commercial floor space, shops and schools in the area.

This latest acquisition is Lloyds Living’s second in the South East, with the previous being for 110 homes in Ashford. Lloyds now has a total portfolio of over 5,000 homes, with around 3,500 already occupied or available to rent. 

Andy Hutchinson, Chief Executive Officer of Lloyds Living, says: “By partnering with housebuilders, like Bellway, we’re able to help improve access to good quality homes in the rental market in places that really need them.

“The opportunity to be part of this award-winning and historic site is exciting for us and will be brilliant for our customers. This is the perfect combination of the homes people want where they want to live.”