Barratt London launches a £280m Build to Rent opportunity, appointing global real estate advisor, CBRE to secure funding partner(s) for three assets – known as Project H – across London.
Preparations for the launch of Project H have been ongoing for some time. Barratt London is now ready to mark their commitment to Build to Rent and formally unveil their ambitions for the sector through this process.
“We are excited to launch the forward sale of Project H. All three assets have been carefully selected for Build to Rent and represent our commitment to residential investment, which forms a key component of our strategy.”
Alastair Butcher, Regional Development Director, Barratt London who is leading the project for the FTSE100 House Builder
Once complete, Project H will provide 777 new Build to Rent homes situated in Hayes, Harrow and Hendon, which can be acquired separately or collectively. Construction is underway on one of the assets, with completion expected toward the end of 2024. Barratt London is also ready to cstart works on the other two assets, with an expected delivery timeframe of two-to-three years.
Each Project H asset benefits from excellent transport links and forms part of three successful wider regeneration projects – which include other asset classes such as private for sale, affordable, commercial and retail accommodation. CBRE has commenced a marketing campaign with a target to appoint investor(s) on one or all the assets before summer 2023.
“The delivery of these much-needed rental homes in strong Build to Rent locations by the nation’s most awarded housebuilder will undoubtedly be an excellent long-term investment. The team has worked closely with Barratt London to curate the compelling offering and we are excited to now bring it to market.”
Shauny Bult, Associate Director, Residential Capital Markets, CBRE
