1,000 new rental homes for London
Speaking at the London Real Estate Forum yesterday Lewis said the homes will be built in some of the capital’s most sought-after locations – including the newest neighbourhood in Stratford’s Olympic Village site.
He said the completion of the three deals would provide good quality rented homes for tenants “well into the future”.
The £1bn build to rent fund is designed to help developers produce large scale, quality homes, specifically for the private rented sector. Yesterday’s agreements will mean £252m is invested in building 1,353 homes across key sites in London.
Each site will include a mix of 1, 2 and 3-bedroom properties, all located closely to underground stations.
Lewis said: “As a global city, with excellent opportunities and links to the rest of the world, there is clear demand to provide people with the flexible option of renting in London.
“These deals are the latest to receive build to rent funding, delivering a total 4,200 new homes worth a combined £464m since 2013, and offering greater choice for Londoners.”
Andy Rose, chief executive of the Homes and Communities Agency, added: “The HCA is focused on increasing housing supply and these latest deals will help to build a strong private rented sector providing a choice of quality homes in areas of high demand.”