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 980 New Build-To-Rent Homes Across England
Lloyds Living, the Build To Rent division of Lloyds Banking Group, is purchasing 980 new homes from Barrett Redrow. The homes are a mix of 1, 2, 3, and 4-bedroom single-family properties.
The portfolio spans 14 schemes located in Nottinghamshire, Merseyside, East Anglia, the West Midlands, and Cambridgeshire/Northamptonshire. This acquisition is relevant for letting agents and inventory clerks operating in these regions, as it may increase the supply of rental properties managed by institutional landlords.
Source: Letting Agent Today