UK: Land and property regeneration specialist Harworth Group has launched a build-to-rent (BTR) portfolio of about 1,200 homes across ten of its development sites.
The company is seeking a prospective partner to provide forward funding and long-term investment for the venture, which is called Project Spur.
Project Spur comprises ten established sites in Yorkshire, the Midlands and the north-west.
The project has an expected timeline for completion of three years, with phased handovers of the sites during this time. There will be the potential, subject to further agreement, for the partner to work with Harworth to introduce the single family BTR product to additional sites as part of future phases of development.
Lynda Shillaw, chief executive at Harworth, said: “Harworth’s extensive portfolio is particularly well suited to delivering institutional quality single family rental homes at scale. Project Spur is part of our strategy to accelerate the development of our residential sites, providing a range of homes for local people and enabling diverse communities. We look forward to working with partners aligned to our purpose and ambitions, to continue delivering places where people want to live and work.”
