:
UK: The build-to-rent arm of Lloyds Banking Group, Lloyds Living, has appointed single-family rental (SFR) operator Ascend to manage 98 new homes in its portfolio.
The properties, which include two-, three- and four-bedroom houses, are spread across two sites in Bolton and one in Ellesmere Port.
They join the 821 homes the operator has managed for Lloyds Living since it acquired the UK private rented sector portfolio in October 2024.
The homes will be operated under its resident-facing brand, Ascend Living, launched in February 2025.
Ascend, which operates over 9,500 SFR homes nationwide, manages more than 12,000 properties across sectors.
Lee Hill, commercial director at Ascend, said: “βThe expansion of our mandate, and deepening of the successful relationship between Ascend and Lloyds Living, reflects the strong ongoing performance of the portfolio and the benefits of operating under the Ascend Living brand. Our market-leading expertise, unrivalled technology platform and territory manager model all combine to drive real value for investors and a better experience for residents. We look forward to managing these homes and working with Lloyds Living on future projects.β
Matt Burgess, chief information officer for Lloyds Living, said: βWe want our customers to be happy, comfortable and secure in their homes, and delivering that is reliant on excellent property management.Β Ascend Living will help us deliver the service and experience people rightly expect from Lloyds Living.β
Highlights:
– Lloyds Living has appointed Ascend to manage 98 new homes.
– The homes are located across Bolton and Ellesmere Port.
– They join the 821 properties already managed by Ascend for Lloyds Living.
– The operator manages more than 12,000 properties nationwide.
