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UK: Landlord Grainger has agreed to forward-fund and acquire a 195-home build-to-rent (BTR) scheme in Chiswick, West London, via its joint venture with Places for London.
Places for London is the property arm of Transport for London.
Grainger will fund 51 per cent of the purchase price (£68.4 million) through its Connected Living London JV with Places for London.
Housebuilder Barratt Redrow PLC has planning consent and regulatory approval to begin construction of the scheme in Q1 2026. When complete, it will feature 195 rental homes including 95 discounted market rent units, alongside commercial space and amenities such as coworking spaces and a gym.
It marks Grainger’s first BTR collaboration with a major housebuilder. A practical completion date is scheduled for late 2028. Leasing will begin from late 2028 into early 2029.
Grainger will receive asset-management fees with returns expected in line with the company’s targets for London schemes.
Chief executive of Grainger, Helen Gordon, said: “This scheme further strengthens our London portfolio, complements our growing cluster in West London and demonstrates continued momentum in Connected Living London, our partnership with Places for London, delivering professionally managed, purpose-built rental homes across the capital.”
The development forms part of the broader £365 million Bollo Lane scheme in Acton, which is set to deliver up to 900 new homes with 50 per cent affordable housing
Highlights:
- Grainger has agreed to forward-fund and acquire a 195-home build-to-rent scheme in Chiswick, West London
- The £68.4 million deal is funded 51 per cent by Grainger through its joint venture with Places for London, the property arm of Transport for London
- The project marks Grainger’s first BTR partnership with a large housebuilder, with Barratt Redrow PLC set to begin construction in Q1 2026
- The scheme will deliver 195 rental homes, including 95 discounted market rent units, alongside commercial space and amenities such as coworking areas and a gym.
- Practical completion is expected in late 2028, with leasing from late 2028 into early 2029, and returns forecast to align with Grainger’s target yields for London assets
