UK: Lloyds Living, the residential arm of Lloyds Banking Group, has announced its second major portfolio acquisition under its partnership with housebuilder Barratt Redrow.
The move adds 598 single-family homes to its build-to-rent (BTR) portfolio, spread across 11 locations including Berkshire, Oxfordshire, Buckinghamshire, Kent, Cheshire, Gloucestershire, Peterborough, Yate, Eccleshill, Chidswell and new sites in Abingdon, Crewe and Finchampstead.
These homes—comprising two-, three- and four-bed properties—are being delivered via forward‑funding, with first leases set for July 2025 and completion scheduled by end‑2027.
This follows a previous 604‑home deal struck in 2023, bringing Lloyds Living’s total portfolio to more than 6,000 homes, with over 2,200 developed alongside Barratt Redrow.
Lloyds Living chose each site based on strong employment, schooling and transport links. Existing rental locations at Hampton Beach (Peterborough), Ladden Garden Village (Yate), Lancaster Gardens (Eccleshill) and Chidswell are complemented by new developments in areas with high demand.
Matthew Burgess, CIO at Lloyds Living, said: “Working with Barratt Redrow continues to be a winning formula for not just both parties but the housing market too. These forward-funding arrangements allow Barratt Redrow to accelerate delivery and to confidently invest in new sites. This, in turn, brings more homes to the market. This new deal adds much-needed quality, family homes to the rental market in areas that have great access to jobs, schools and leisure facilities. These are homes people want, where they want to live.”
Mike Scott, CFO at Barratt Redrow, said:“Barratt Redrow has ambitious growth plans to build 22,000 homes a year. If we are to build the number of homes the country needs, across all tenures, we need to work with industry-leading partners such as Lloyds Living. This latest deal, therefore marks the next step in a successful partnership with Lloyds Living, working together to provide more high-quality, energy-efficient homes for rent across the country.”
Highlights:
-Lloyds Living acquired a 598‑home portfolio through its BTR partnership with Barratt Redrow
-The homes were secured across 11 locations chosen for strong transport, school, and employment credentials
-Forward‑funded delivery started ahead of first lets in July 2025, with completion due by end‑2027
-The deal brought Lloyds Living’s rental stock to more than 6,000 homes, including more than 2,200 via Barratt Redrow.
