UK: Legal & General and partner Miller Homes have announced a partnership to deliver 260 SFR homes in Northamptonshire.
The new homes are part of a masterplanned development which will provide new community facilities, schools and employment space.
The units largely comprise two- and three-bedroom houses which will feature sustainable air-source heat pumps and solar panelling. The first handover of the new units is expected to take place in March 2024, with final handovers in Q3 2027.
David Reid, managing director of Legal & General SBTR, said: “We’re delighted to begin a new strategic partnership with Miller Homes, simultaneously creating assets for our annuity division and other pension schemes and addressing the significant demand for quality rental housing across the UK. Now more than ever, we must deliver diverse residential offerings, to better accommodate the broad range of different households that exist in the market. This includes the provision of reliable, long-term rental options. At LGSBTR we are determined to meet that need with high-quality, well-managed, and thoughtfully designed properties to help people live healthy and happy lives.”
Benjamin Massey, divisional managing director at Miller Homes, said: “This marks the start of an exciting long-term partnership. We are pleased to have agreed a deal with L&G to deliver 260 single-family Build to Rent homes in Northamptonshire alongside our ongoing work to provide high quality homes in key regional markets across the UK. Moving forward, the inclusion of Build to Rent homes as part of our business model will allow us to continue to diversify our portfolio, whilst creating new opportunities for land acquisition and supporting our overall growth ambitions.”
