L&G to deliver BTR scheme in Brighton

Legal & General has exchanged contracts to acquire land in the centre of Brighton to develop what is claimed to be the city’s first build-to-rent (BTR) scheme.

The development will be the seventh UK city where Legal & General is offering its new rental scheme.

The company aims to improve standards across the rental market by developing high-quality, well-managed, specifically designed housing in areas with high demand.

The development will deliver 200 homes and up to 3,000 sq m of commercial space – subject to planning approval – ideal for start-ups and SMEs.

The site is situated 200 metres from Brighton train station, which offers a fast, mainline service into a number of London stations.

“Brighton is a vibrant city where people want to live and work,” said Dan Batterton, BTR fund manager at LGIM Real Assets.

“This acquisition represents a rare opportunity to acquire land in an unrivalled location and to deliver the first institutional-grade BTR scheme.

“We look forward to working with the council to support Brighton’s talented workforce with the homes they deserve.”

James Lidgate, CEO at Legal & General Homes, added: “Brighton is a thriving city with a hugely talented workforce.

“The UK needs urban centres that are fit for purpose and can support a creative, sustainable community like Brighton.

“Our BTR pipeline is growing at pace and it is exciting to see the impact that our developments are making to our UK cities.”

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