Banking giant sets up build to rent venture

By Joey Gardiner2021-07-12T05:00:00

Lloyds to buy 800 homes from developers by the end of next year

Lloyds Banking Group has set up a Build to Rent business, Citra Living, with plans for it to own and let around 800 properties before the end of next year.

The high street bank said the business would focus on buying up homes in new build developments, with the first being 45 apartments in the Peterborough Investment Partnership’s Fletton Quays scheme in the city.

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