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UK: CBRE has advised Barratt London on the sale of a turnkey build‑to‑rent (BTR) asset comprising 140 homes at Eastman Village, Harrow.
The transaction comprises two unbroken residential blocks within Barratt London’s established Eastman Village masterplan and has been acquired by LRC, a pan‑European real estate private equity investment firm.
Located near Harrow & Wealdstone Station, Eastman Village will ultimately deliver around 2,200 homes across nearly 30 acres, alongside new retail, education, and leisure amenities.
The sale reflects continued investor demand for unbroken turnkey blocks that are ready for occupation. This was evident in Q1 2026, when the UK Living sector recorded £2.5 billion of investment, up 74 per cent year‑on‑year, with more than £800 million transacted in BTR assets, according to CBRE research.
“This transaction underlines the strength of demand for high‑quality, income‑ready residential assets,” said Andrew Saunderson, head of living capital markets at CBRE UK. “Against a backdrop of structural undersupply and resilient rental demand, investors will continue to be attracted to assets that offer speed to income and operational certainty. We are pleased to have worked with Shane Kanabar of Barratt London and Mital Patel of LRC, to deliver this transaction.”
“Investment from LRC into Eastman Village underlines demand for well-connected homes in the capital,” said Paul Muldowney, managing director, Barratt London. “Eastman Village exemplifies Barratt London’s commitment to delivering high-quality homes in London at scale, transforming the historic Kodak factory into a new community in the heart of Harrow.”
Highlights:
- CBRE advises on BTR sale at Eastman Village: CBRE supported Barratt London in the sale of a 140-home build-to-rent asset in London (Harrow).
- Pan-European investor acquires turnkey residential blocks: The asset was purchased by LRC Group, reflecting demand for stabilised, ready-to-let BTR assets.
- Part of large-scale mixed-use masterplan: Eastman Village will deliver ~2,200 homes across 30 acres, with retail, education, and leisure amenities near Harrow & Wealdstone Station.
- Strong UK Living sector investment momentum: The deal aligns with £2.5bn invested in Q1 2026 (+74% YoY), including £800m+ in BTR transactions.
- Investor preference for income-generating residential assets: Turnkey BTR blocks are attracting capital due to immediate occupancy potential and stable rental income profiles.
