Build To Rent hits the suburbs with new eco scheme

Legal & General’s suburban Build To Rent business, called LGSBTR, has exchanged on 41 new BTR homes in St Neots, Cambridgeshire.  

Consisting of 10 flats and 31 houses, these homes will feature air-source heat pumps and electric vehicle charging points to support reductions in household and transport emissions. The first handover of units is expected to take place in June.

LGSBTR is owned by Legal & General Capital, the alternative asset platform of Legal & General Group (LGC).  

LGC is a direct investor, developer, and operator in residential property and claims to have “one of the largest and most diverse residential platforms in the UK” with multiple businesses across a range of tenures, building houses to sell and rent, retirement communities, and affordable housing. 

A statement says: “Taking a socially orientated investment approach, the business is committed to delivering the housing that society needs to address structural shortages across every dimension of the market. As a result, LGC has delivered over 16,000 homes in the last three years.”

David Reid, managing director of LGSBTR, says: “We are a committed investor in homes that support healthier living standards and address the significant demand for quality rental housing across the UK … [to] deliver much-needed family homes in a thoughtfully designed and well-connected community, whilst also building out assets for our long-term partners. Delivering diverse residential offerings across the country is essential to meet the UK’s housing needs, and reliable, long-term rental options must be a part of this.”