Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.

Lloyds Living Acquires 100 New Homes in Kent for Build to Rent

Lloyds Living, the private rental and shared ownership division of Lloyds Banking Group, has acquired 100 new single-family homes at Herne Bay, Kent. The homes are located at Oxenden Park, a development of 450 homes by Bellway Homes.

The newly acquired portfolio includes 12 one and two-bedroom apartments, as well as 88 two, three, and four-bedroom houses. According to a statement, the development reflects Lloyds Living’s focus on delivering high-quality, professionally managed homes.

This acquisition is relevant to UK letting agents and inventory clerks as it adds a significant number of professionally managed rental properties to the market in Kent. The mix of apartments and houses may present new opportunities for property management and inventory services in the region.