Aviva Capital Partners and build-to-rent developer Moda Living have formed a joint venture, marking Aviva’s entry into the BTR market.
The partners’ first project will be the £400m, 1,000-home Stone Yard scheme in Digbeth in Birmingham, on a site bought from Gallagher Developments and Court Collaboration.
The venture will look for other “large-scale regeneration opportunities” across the UK. Tony Brooks, managing director at Moda Living, said: “Partnerships like this are an important part of the solution to the UK’s current housing crisis, facilitating major brownfield regeneration into thousands of new sustainable homes.”
