Lincoln and MGT join Knight Dragon at Greenwich
US developer Lincoln and MGT have joined forces with Knight Dragon to deliver 500 build-to-rent homes at its Greenwich Peninsula project.
The new jv partners will deliver the first BTR assets at the 15,000-home scheme.
Subject to planning, construction is expected to begin in late 2020.
US developer Lincoln and MGT have joined forces with Knight Dragon to deliver 500 build-to-rent homes at its Greenwich Peninsula project.
The new jv partners will deliver the first BTR assets at the 15,000-home scheme.
Subject to planning, construction is expected to begin in late 2020.
Richard Margree, chief executive of Knight Dragon, said: “Introducing build-to-rent to Greenwich Peninsula allows us to bring forward more homes more quickly across this major regeneration, and maintain the positive pace of development we have established.
“As a 20-year regeneration, we are consistently evolving our approach to respond to market demand and new ways of living that are always emerging across the capital.”
Troy Javaher, Lincoln’s head of Europe, said: “This partnership on Greenwich Peninsula marks another important step in our UK strategy as we embark on a period of European expansion.”
Henry Morris, co-managing director at MGT, said the project formed an “important part” of the Lincoln MGT strategy to develop “BTR assets which combine, amenity and accessibility”.
The project is the second for the Lincoln MGT partnership, after the 538-flat Station Hill development in Reading. Texas-based Lincoln is the second-largest operator of build-to-rent in the US. The strategic joint venture aims to develop large-scale rental assets in London and other key cities across Europe.
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