UK: Lloyds Living has acquired a BTR site at Guildford Crescent in Cardiff from Galliford Try.
The 31-storey building, called The Rise, will deliver 272 homes in a mix of 140 one-bedroom and 132 two-bedroom apartments, alongside retail space.
Amenities include a gym, bike storage, lounge and game areas, and external roof terraces providing views across Cardiff and beyond. Construction at The Rise development has begun, with completion expected completed in summer 2026. The building will be powered in part by roof-top solar panels.
Located close to the Principality Stadium, future residents of The Rise scheme will benefit from easy access to local amenities including Bute Park, Cardiff Central station, and retail and leisure facilities at St David’s Centre, Atlantic Wharf and Cardiff Bay.
Andy Hutchinson, CEO of Lloyds Living, said: “There is a shortage of homes of all types across the country and, by working with developers like Galliford Try to identify locations in areas of need, we hope to help close the gap sooner. Our new Guildford Crescent site will offer high quality homes that meet the needs of modern city living, allowing more people to live and work where they want.”
Phil Harris, managing director of Galliford Try’s Investments business, said: “The Rise development represents a crucial step for us within the private rented sector market – an important part of our Sustainable Growth Strategy – and we’re proud to be working on it with Lloyds Living.”
The purchase follows the recent rebrand of Citra Living to Lloyds Living. Lloyds Living has more than 5,000 professionally managed homes for rent in its portfolio, over half of which are constructed and occupied.
