Citra Living, the Build To Rent arm of Lloyds Banking Group, has announced another new scheme.
It is a 95-flat development at Nottingham’s British Waterways building.
Citra, which operates a growing portfolio of more than 2,000 homes across the UK, has acquired the entirety of the Grade II-listed residential unit.
The homes have been developed in partnership with H20 Urban, a long-term joint venture between developer bloc and the Canal & River Trust, which owns and manages the surrounding canal network.
With a shared aim to regenerate underutilised land and buildings close to waterways infrastructure, Citra says the joint venture has aimed to maximise the social and economic potential of the sensitive canal basin site.
The flats include a mix of studio, one and two-bed homes, with residents to benefit from additional high quality communal space, as well as having access to canal-side public realm. Car parking spaces will be provided in the basement of the development, while secure internal cycle parking will also be provided to help residents take advantage of the city’s improving cycle network.
The refurbishment of the British Waterways building includes a rooftop extension that will provide eight apartments with views over the city. In keeping with the existing structure and design of the building, the parapet of the building will be used as a guard wall for the apartments, meaning much of the extension is hidden from street views.
Citra, established in 2021, has recently acquired more than 100 homes across schemes in Nottingham and Leicester being brought forward by national housebuilder Keepmoat.
Andy Hutchinson, managing director of Citra Living, says: “This unique heritage development is a major addition to our growing portfolio of homes, providing high-quality homes in an iconic and now fully revitalised building.
“As well as preserving this important building for years to come, the apartments will also help address a lack of purpose-built accommodation in Nottingham, as well as helping to look after the canal network.
“We’re working in partnership with a wide range of leading developers and house builders to address the increased demand for rental properties across the UK, and we look forward to any future opportunities our relationship with H20 Urban brings."
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So not built yet? 🤔
The article suggests at points that it is ready for occupation. I’d love to know what the tenants of Citra Living think of their landlord. After all, this, thanks to Shelter and Generation Rant, is the future! 😀
And I wonder if tenants of a certain demographic will be excluded from Citra Living?
Peter, do you think Sandra Bowles-Rennox and James Turner have their applications ready? 🤣🤣🤣
Annoyed, I think Citra will have those two parasites on their radar already to block them.
If grade 2 listed will they be exempt from proposed (but delayed????) epc c? Also will this be another ‘concierge/gym’ set up for young professionals. Cannot see Citra housing all the benefits claimants!
The Big Boys are taken over its what it’s all about drive us out by Regulation & licensing the unbearable burden of Administration and trumped up Compliance that don’t apply to the Big Boys.
Computerisation is right up their street they can ignore us and lock the Civic Centres
Doors, uncontactable for most part, people camping in make shift tents and under umbrellas sleeping rough outside their Civic Centre in Ealing. Harrow closed their massive Civic Centre completely now going to be 1000. / 1500 build to Rent or any other tenure. They tell you if you want service go to the
library but when you go there they look at you as if you had 2 heads and give you a phone number to the guy probably hiding up stairs watching you on camera getting more aggravated like when I rang the number 48 minutes waiting for him to answer but then couldn’t help. Their correspondence address is Box number and say please don’t hesitate to contact us for further information but they don’t have a phone number and our website is down, probably working from their bedrooms. TRRB / (TRSB ) in reality is The Rough Sleepers Bill which has tripled in London since they started attacking PRS. They are not bothered about the homeless everything have done has increased homelessness isn’t that a fact go on then tell me otherwise, homelessnesses out of control 100%.
As a Nottingham LL I can tell you that the city has seen development after development of student & non-student blocks go up. Demand in the city is still high & rents rising as fast as anywhere else. Extra housing of every tenure is welcome & none of it is having a negative effect on BTL.
Oh this will all end very badly for those who don’t fit the “ Young Professional “ remit 😰😰. The housing shortage will resemble a scene out of Dickensian London soon 🤐🆘.
That’s good a big step change for Nottingham.
I remember when they couldn’t get enough of inferior Bison pre-cast Buildings it was the order of the day. Have they been replaced.
Apparently Lloyds bank have now grown a heart and have decided to take on all benefit tenants in their new expensive housing developments and offer top class accommodation to people that can not afford it as the government will not pay out more than the local LHA payment, which will not cover the amount Lloyds want for their properties and they don't care if the tenant goes into arrears and they will never be able to claw back any unpaid rent over the year or 2 it will take for this to go to court.
And then I woke up from my dream and realized that the government BTR program is only designed to take on the best tenants that can afford a high rent for a new build house. They won't take the high risk benefit tenants that are taken up by some of the PRS sector.
How are they going to explain this in a year or 2? Guess that they won't have to as it will be a problem for the Labor government.
Seriously though, Lloyds are trying to get hold of properties through any means possible. Currently offering landlords high yields to get them to rent their properties to them. I know as I've already been approached and turned them down.
I would not let to Lloyds on principle. They tried to de-bank the lettings agency I use because the landlords, one of which was a member of the Law Society, could not satisfy Lloyds' undeclared Anti-money Laundering criteria. Agency finally finds another bank and hey ho, Lloyds are trying to back down. Stuff them!
Sounds lovely... All those housing benefit tenants are in for a real treat! And I'm sure they will receive increased benefits to cover the costs of renting one of these flats... 😂 😂
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