Barratt seeks funding partners for £280m London BTR opportunity

Barratt London is on the hunt for one or more funding partners for Project H, which comprises three build-to-rent schemes that will provide 777 homes in Hayes, Harrow and Hendon and can be acquired separately or collectively. The developer has appointed CBRE to find funding partners for the three schemes. Construction is underway on one of the assets, with completion targeted to be by the end of next year. Barratt is ready to commence works on the other two, with an expected delivery time frame of two to three years.  The schemes benefit from good transport links and form part of three wider regeneration projects which include other asset classes such as private for-sale and affordable homes, and commercial and retail premises. Alastair Butcher, regional development director at Barratt London, said: “All three assets have been carefully selected for BTR and represent our commitment to residential investment, which forms a key component of our strategy.” Shauny Bult, associate director of residential capital markets at CBRE, added: “The delivery of these much-needed rental homes in strong BTR locations will undoubtedly be an excellent long-term investment.” To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews See which agents are doing the most deals in the London submarkets with our On-Demand Rankings >>