London Square and QuadReal Property Group have entered their first buy-to-rent partnership, aiming to deliver a 241-unit scheme at the developer’s Woolwich scheme in south-east London.

QuadReal is forward funding the £120m development, which will be managed by their UNCLE brand.

The units will be delivered at London Square’s Woolwich development. This is a triple tenure scheme delivering 700 homes, including 337 affordable properties, which will be managed by The Hyde Group. 

The 4.49 acre site has full planning permission and Gateway 2 approval to create new homes, shops and workspaces.

Construction will begin this spring, with completion expected in 2029.

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“Through our first partnership with QuadReal, we will add a much-needed rental offering to the mix of new homes on offer in a neighbourhood that benefits from excellent transport links, amenities and green spaces,” said Adam Lawrence, CEO at London Square. 

“Partnering with a respected investor known for operational excellence and a renter-first approach highlights the quality of our Woolwich scheme and the strength of London Square’s approach to design and delivery in the capital.”

Kristian Branum-Burns, managing director at QuadReal, added: “Our partnership with London Square is a direct reflection of our global investment strategy to deliver high quality, sustainable homes in well-connected urban locations. 

“This project joins our award-winning UNCLE portfolio, and we are confident this development will set a new benchmark for design, sustainability and placemaking, while creating long-term value for the local community.”