M&G Real Estate seals third build-to-rent deal

By Hamish Champ2018-07-06T14:13:00

Firm buys into Redrow’s Colindale Gardens BTR scheme in north London

M&G Real Estate has bought nearly 200 rental homes from Redrow which the housebuilder is putting up at its Colindale Gardens development in Colindale, north London.

The £82.7m deal is M&G’s third build-to-rent transaction of 2018 and will fund the delivery of 186 one, two and three-bedroom build-to-rent homes by 2021.

The 48-acre Colindale Gardens (pictured) is a £1.2bn community being built by Redrow on the site of the former Peel Centre Metropolitan Police training college.

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