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Another Build To Rent scheme unveiled in southern England

Another Build To Rent scheme has been unveiled, this time in Berkshire.

Crest Nicolson and M&G Real Estate have joined forces to fund the construction of 114 private rental homes in Arborfield Green, a garden village close to Wokingham and Reading. 

The M&G UK Residential Property Fund will finance the one and two-bedroom apartments, which will be ready for occupation in late 2019.

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Arborfield Green is the third BTR project between Crest Nicholson and M&G Real Estate and marks over £100m of deals made under the investor/house builder arrangement established in 2015. 

It forms the first part of the partnership’s intended plan to provide 200 BTR units at the garden village. 

Previous deals with Crest include M&G Real Estate’s £51.5m purchase of 227 BTR units at Crest Nicholson’s Kilnwood Vale development, near Crawley in West Sussex - the country’s first low-rise suburban apartment development, centred around a communal club house, tennis court and games area. 

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