Market Leads & Opportunities

Largest Built To Rent Scheme Announced


The largest ever Built To Rent (BTR) scheme has been announced by Legal & General, who is set to bring around 1,000 homes and 85,000 sq ft of commercial space to London. Two adjacent sites in Wandsworth will combine for the scheme, providing purpose-built rental homes with long leases for all ages, demographics and social groups.Located within Zone 2 and adjacent to Wandsworth Town train station, the £500 million development will include a new entrance to the platforms and will form part of the major regeneration of the local area. It will also include 35% affordable housing.Through the creation of a BTR asset class, Legal & General is looking to use its sources of long term capital to help address the chronic lack of housing supply and meet the increasing demand for affordable, quality rental accommodation.