A new £71m Build To Rent scheme is on its way to commuter hotspot Leatherhead.
BTR operator Get Living and developer Watkin Jones have agreed £71m forward funding to deliver 214 new rental homes in the town.
On completion it will offer one, two and three-bed flats including 36 discount market rent homes alongside 3,000 square feet of resident amenity space and landscaped gardens, which for commuters Is under an hour from central London.
This is Watkin Jones and Get Living’s second deal since April, where the organisations agreed a £136m forward funding deal to deliver 551 BTR homes in Birmingham.
Get Living chief executive Rick de Blaby says: “To help solve the housing crisis in a sustainable manner, it’s important for the development sector to find solutions on brownfield land. With Watkin Jones, we have an ongoing partnership with one of the UK’s most professional and enterprising developers.
“Get Living continues to set the standard for exemplar Build to Rent neighbourhoods up and down the country and it is our responsibility now, with Watkin Jones, to create a compelling new rental offer in a brilliant new neighbourhood for Leatherhead.”
And Alex Pease, chief investment officer of Watkin Jones, adds: “This scheme is another example of our teams’ remarkable track record of breaking new ground and introducing BTR into new locations. Leatherhead has all the fundamentals of a great place for future residents, and we’re certain they will enjoy a fantastic life there.”
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