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Plans for 1,000 new homes for private rent announced at London Real Estate Forum
The Build to Rent fund aims to help developers produce quality homes for the private rented sector. The new homes will be built in a number of London areas, including 903 in Stratford’s Olympic Village site, 278 in Newington Butts in Southwark and 172 across Hammersmith, Westminster and West Kensington. The homes are expected to be completed by 2018.
Speaking at the London Real Estate Forum, Housing Minister Brandon 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 3 deals will deliver 1,353 new homes specifically for private rent in some of the capital’s most sought-after locations, meeting the needs of tenants well into the future.
“These 3 deals are the latest to receive Build to Rent funding, delivering a total 4,200 new homes worth a combined £464 million since 2013, and offering greater choice for Londoners.”
Chief Executive of the Homes and Communities Agency Andy Rose said: “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.”
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