1000 new built for rent homes for London

May 27, 2016

Recent press release from the Department for Communities and Local Government, Homes and Communities Agency and Brandon Lewis MP headlined ‘Boost to London Housing from 1000 homes Built to Rent’.

Two multi-million pound deals that will see over 1,000 new homes built in the capital specifically for private rent have been welcomed by Housing Minister Brandon Lewis.

The 2 schemes are the latest deals under the government’s innovative Build to Rent scheme and are being supported with more than £150 million of funding.

The 1046 new homes to rent support a package of government measures to deliver 1 million new homes to boost housing supply and help local economic growth.

The schemes help provide more choice for Londoners, and are located close to underground stations. Each site will include a mix of 1, 2 or 3 bedroom homes.

These include: 636 homes for rent at The Newfoundland Building, Canary Wharf and 400 homes for rent at Ferry Lane, Walthamstow

The properties will be completed in 2019.

Housing and Planning Minister Brandon Lewis said: “As a global city filled with opportunity and links to the rest of the world, there is a real demand for good quality homes available to rent on flexible terms in the Capital.

“These 2 new deals will provide a big boost to housing and help meet the needs of tenants well into the future”.

Read the full press release on the Gov.UK website click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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