M&G seals £83m build-to-rent deal in north London

The real estate division of London-based asset manager M&G has finalised an £82 million (€94 million) build-to-rent deal with construction company Redrow Homes that will see the building of 186 new private rental homes in north London.

The homes will form part of the £1.2 billion Colindale Gardens development in Colindale, which will see more than 2,900 new homes built over the next decade.

Alex Greaves, ‎head of residential investment at M&G Real Estate, said: “This new deal with another top UK housebuilder, increases our ongoing development pipeline, offering our investors the opportunity to continue capitalising on the UK’s rapidly growing private rental market.

“We look forward to continued deals of this stature in the sector, providing investors with the chance to increase their exposure to the residential market.”

Despite investor nervousness over Brexit, the build-to-rent sector in London has in recent months seen the announcement of a number of high-profile developments

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST