UK: Lloyds Living has appointed Native Communities (formerly Native Residential) to operate its 600+ unit tall building BTR portfolio.
The portfolio includes the British Waterways, Nexus and The Rise developments, which are all expected to complete in 2025 or 2026.
British Waterways in Nottingham is a 95-unit Grade II-listed warehouse, developed by H2O Urban.
Nexus in Stevenage comprises 264 apartments across multiple buildings, and is part of a wider scheme of 576 apartments developed by The Hill Group.
The Rise is a 30-storey tower in Cardiff, comprising 272 apartments. Lloyds Living acquired the site from Galliford Try Investments in November 2024.
Totalling 631 apartments, these three developments within Lloyds Living’s tall building Build to Rent portfolio will now be operated by Native Communities. The schemes are scheduled to complete across 2025 and 2026.
Alec Newton, director of origination at Native Communities, said: “We are pleased to announce this new partnership and are greatly looking forward to working with Lloyds Living to create communities that deliver high levels of satisfaction for their customers.”
Native Communities has around £3 billion of assets under management, including more than 7,500 residential units and 900,000 square feet of commercial space and public realm.
It currently operates assets on behalf of LaSalle Investment Management, Victoria Square Woking Limited, Invesco, Northwood Investors, City Developments Limited, Cheyne Capital, Lincoln, MGT Investment Management, PATRIZIA, Corebridge Financial, CDL Hospitality Trusts, Europa and British Land.
