Market Leads & Opportunities

L&G plans Brighton BTR scheme

Source: http://www.theconstructionindex.co.uk

Legal & General is planning to build a development of 200 flats for the private rental sector in Brighton.The insurance giant has exchanged contracts to acquire land in the centre of Brighton to deliver what will be the seaside city’s first ever build to rent (BTR) development.Brighton becomes the seventh UK city targeted by Legal & General for its new rental business. The site is currently occupied as industrial space. Subject to planning approval, L&G is looking to put up 200 homes and up to 3,000 m2 of commercial space arranged as incubator space to support start-ups and SMEs.