Moda Living funding deal for seven build-to-rent jobs

Moda Living has struck deals to finance seven major city centre build-to-rent schemes totalling 7,000 flats.The Harrogate-based build-to-rent developer, which is part of family-run Caddick Group, has a £2bn pipeline of homes for rent with buildings set to include communal lounges, rooftop gardens and even a running track.The funding deal will see a new joint venture between Moda’s backers Apache Capital and Harrison Street, with additional investment from the National Farmers Union Mutual.It is one of the most significant deals ever completed in the build-to-rent sector and marks the first time the NFUM has invested in build-to-rent.The seven schemes in the deal include: The Lexington in Liverpool, Broad Street in Birmingham, Springside in Edinburgh, Holland Park in Glasgow, New York Square in SOYO, Leeds as well as two sites in London, which will be invested in over the next 20 months as they are brought forward for construction.