Residential landlord and rental home provider Grainger Plc, with over 10,000 operational rental homes, has agreed to enter a partnership with Network Rail and Bloc Group, through ‘blocwork’, a joint venture between the two parties. The partnership has the potential to deliver over 2,000 new Build to Rent homes across sites in major cities across the UK.
Network Rail, Bloc Group and Grainger have recently completed 348-home The Barnum Build to Rent scheme in Nottingham, with blocwork as developer and Grainger as investor, funding the development and acting as its operator.
In this new partnership, Network Rail will bring forward potential sites for Build to Rent from its extensive property portfolio. With the Blocwork joint venture as developer, the partnership will take the schemes through the planning process – with Grainger actively involved in the design proposals. Once planning is secured, Grainger will forward fund the scheme and ultimately own and operate them when completed.
The selection of the brownfield sites for development follows other successfully completed wider station developments that have been brought forward in major cities. These sites have been recognised for providing excellent transport connections for future residents, and align closely to the partners’ strategy of delivering housing that creates long term value and delivers sustainable regeneration.
“Having successfully delivered The Barnum, a Build to Rent scheme of 348 homes, with the Network Rail and Bloc joint venture ‘blocwork’, we see this as a great opportunity to collaborate further and deliver a potential 2,000 much needed high quality rental homes across the country, aligned to our city strategy. This partnership supports Grainger’s ambitious growth plans and provides access to superbly located and well-connected sites.”Helen Gordon, CEO, Grainger