UK: Citra Living, Lloyds Banking Group’s BTR arm, has acquired 49 homes at a 1,000-unit development in Gedling, Nottingham.
Keepmoat’s Park View development, currently under construction, will create a new neighbourhood a 15-minute drive from the centre of Nottingham consisting of two-, three- and four-bedroom family homes. Citra will acquire 49 homes at the community, with the first 16 already handed over and ready to rent, and the remaining to complete in phases by October.
Andy Hutchinson, managing director of Citra Living, said: “It’s great to see our partnership with Keepmoat building momentum, delivering good quality, sustainable housing for young families and workers that grows our footprint in a new area. Our focus is on delivering rental options where they’re needed most, and with new job opportunities popping up in Nottingham and across the East Midlands, it is the perfect location for young people and families to put down roots.”
Tristin Willis, regional managing director at Keepmoat, East Midlands, added: “Providing high-quality, sustainable homes at accessible prices is a core Keepmoat value. We are always on the lookout for new partners that can enable us to continue meeting this objective, and the acquisition of the homes at our Park View development by Citra will help more people in Nottingham’s community to access a new home within close proximity to the city centre.”
The acqusition is the third for Citra Living in the last three months, and follows the addition of new homes in Essex and a nationwide deal with housebuilder Barratt.
