UK: Legal & General’s SBTR platform has signed a deal with housebuilder Chartway to deliver new homes in St Leonard’s, East Sussex.
The agreement will deliver 92 new single-family rental homes, which will achieve a minimum EPC B-rating and include air source heat pumps, solar panels and electric vehicle charging points.
A further 59 affordable homes are being delivered in partnership with the Hyde Group, bringing the total number of new homes on the site to 151.
The SFR units will comprise a range of two-, three-, and four-bedroom homes.
The project will be supporting the local workforce with apprenticeships and training in construction. A programme of commercial support is also in place for the voluntary and community social enterprises in the area.
David Reid, managing director of Legal & General SBTR, said: “We are a committed investor in homes that address the significant demand for rental housing across the UK and meet increasing demand for healthier, more sustainable ways of living. Providing reliable, long-term rental options will play an important part in meeting the UK’s housing needs, and we’re pleased to be doing so in partnership with Chartway. Together we will deliver much-needed family homes for the St Leonards community whilst also building out assets for our long-term partners.”
Steve Cresswell, CEO of Chartway Partnerships Group, added: “We are delighted to partner with L&G on this significant project in East Sussex. The deal to develop new homes in St Leonards represents our vision of delivering new homes for everyone in the south-east. The homes we’re developing in partnership with Legal & General reflects our commitment to support the single-family rented market and providing sustainable multi-tenure homes for communities across Southeast England.”
The LGSBTR platform is working towards having all new homes delivered from 2030 operate at net zero carbon emissions, in line with Legal & General’s wider commitment to sustainability.
