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Build To Rent deal emphasises eco-efficiency and wellbeing

A new housing deal will provide another 92 Build To Rent units run by Legal & General.

The properties will be two, three and four bedroom units in the coastal community of St Leonards in Hastings. 

They will be a minimum of EPC B-rated and are including air-source heat pumps, solar panels, and electric vehicle charging points. 

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A further 59 affordable homes are being delivered in partnership with the Hyde Group, bringing the total number of new homes on the site to 151.

David Reid, managing director of Legal & General Suburban Build To Rent: “We are a committed investor in homes that address the significant demand for rental housing across the UK and meet increasing demand for healthier, more sustainable ways of living. Providing reliable, long-term rental options will play an important part in meeting the UK’s housing needs, and we’re pleased to be doing so in partnership with Chartway. Together we will deliver much-needed family homes for the St Leonards community whilst also building out assets for our long-term partners.”

L&G SBTR says it is “working towards having all new homes delivered from 2030 operate at net zero carbon emissions, in line with Legal & General’s wider commitment to sustainability.” 

A statement from the firm continues: “LGSBTR have also set up a Healthy Communities Committee, which includes learnings from the NHS Healthy New Towns programme, to support health and wellbeing throughout the communities it creates. The committee will ensure that all homes and communities are designed specifically with health and wellbeing at their core.”

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    It will be interesting to know the rents on these properties, especially the affordable ones.

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    My thoughts exactly!

     
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    It will also be interesting to see the “ criteria “ used to accept any tenants…. Especially the affordable ones 😂🫣

     
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    Tried to look at the level of rent for their various developments, but nothing quoted on their fancy web pages.

     
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    What are 'units' are they houses or most likely shoe boxes in the sky ?

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    151 units. That's the housing crisis sorted out then. Phew!

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    I think this is an exercise in grasping at straws to find some good news. L&G have commissioned Rothschild to find a buyer for their loss making building arm, Cala Homes.
    I suggest that they stick to selling financial products.
    Lloyds - are you looking and listening?

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    Eco efficiency and Wellbeing?

    Sounds like a department in the Mickey Mouse Scottish "government"!

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