Commercial Finance
Rentplus secures Cotswolds development as part of UK growth plan
Guest Author:
Fiona NicolsonRent-to-buy home provider, Rentplus, has signed a deal to provide affordable homes in the Cotswolds.
The company has acquired six properties from Lagan Homes, at its new development in Lechlade, Gloucestershire.
The properties will be managed by housing association, GreenSquare, and will include two, three and four bedroom semi-detached homes.
Richard Connolly, CEO of Rentplus, said: “We are delighted to have our first scheme in the Cotswolds, and to be working with Lagan Homes, Cotswolds District Council and GreenSquare to deliver affordable homes for local people.
“This agreement with Lagan Homes is significant for a number of reasons, building on our track record and strategic plans to develop the Rentplus concept across the UK. We are also in discussions over a number of other exciting development opportunities.”
He added: “This scheme is also another great example of how through collaboration we can bring more affordable housing onto the market and demonstrates the importance of innovative affordable housing models in extending the opportunity of home ownership to more people.”
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Rentplus, which is based in Plymouth, said that it had secured around £70m from BAE Systems Pension Funds Investment Management and plans to build 5,000 affordable homes by 2020.