Legal & General to deliver SFH BTR homes with Chartway

The L&G deal marks a new milestone in East Sussex for Chartway as it reinforces its commitment to address the growing demand for high-quality sustainable homes across Southeast England.

Legal & General's SBTR platform will deliver new single-family Build to Rent homes at St Leonards with Chartway in Hastings | BTR News
Legal & General's SBTR platform will deliver new single-family Build to Rent homes at St Leonards with Chartway in Hastings.

Legal & General’s Suburban Build to Rent platform (LGSBTR) and housebuilder Chartway Partnerships Group have announced the completion of their first housing deal. The agreement will deliver 92 new single-family Build to Rent homes in the coastal community of St Leonards, Hastings.

The homes will achieve a minimum EPC B-rating and include air-source heat pumps, solar panels and electric vehicle charging points. Designed to meet the diverse needs of the local community, a further 59 affordable homes are being delivered in partnership with the Hyde Group, bringing the total number of new homes on the site to 151.

Situated 35 minutes from Eastbourne and 90 minutes from London by rail, the single-family Build to Rent unites will comprise a range of two-, three-, and four-bedroom homes.

“We are a committed investor in homes that address the significant demand for rental housing across the UK and meet increasing demand for healthier, more sustainable ways of living. Providing reliable, long-term rental options will play an important part in meeting the UK’s housing needs, and we’re pleased to be doing so in partnership with Chartway. Together we will deliver much-needed family homes for the St Leonards community whilst also building out assets for our long-term partners.”

David Reid, Managing Director, Legal & General SBTR

LGSBTR platform offers a reliable service proposition for customers. Homes are designed to reflect new ways of living and features that promote health, such as exceptional build quality, home offices for flexible working, and access to more extensive outdoor space.

The 151 homes in St Leonards are a response to the demand for affordable and private rented houses in the area. The development not only contributes to the housing supply, but also reflects the Chartway vision of creating sustainable communities with well-designed low carbon housing options.

“We are delighted to partner with L&G on this significant project in East Sussex. The deal to develop new homes in St Leonards represents our vision of delivering new homes for everyone in the south-east. The homes we’re developing in partnership with Legal & General reflects our commitment to support the single-family rented market and providing sustainable multi-tenure homes for communities across Southeast England.”

Steve Cresswell, CEO, Chartway Partnerships Group

As part of the Chartway commitment to social value, the project will be supporting the local workforce with apprenticeships and training in construction. A programme of commercial support is also in place for the voluntary and community social enterprises in the area.

The LGSBTR platform is working towards having all new homes delivered from 2030 operate at net zero carbon emissions, in line with Legal & General’s wider commitment to sustainability. LGSBTR have also set up a Healthy Communities Committee, which includes learnings from the NHS Healthy New Towns programme, to support health and wellbeing throughout the communities it creates. The committee will ensure that all homes and communities are designed specifically with health and wellbeing at their core.

“Thank you to the teams involved for all the hard work in getting the deal over the line. The St Leonards project reflects the shared values of Chartway and Legal & General to develop new homes for communities where they are needed the most. Partnering with Legal & General on our first project is an exciting step forward for Chartway, and I look forward to continuing to work with the team to unlock future sites to develop new homes for everyone.”

Oliver Jolley, Land and New Business Director, Chartway Partnerships Group

LGSBTR has successfully scaled up multiple operating businesses across a range of tenures, building houses to sell and rent, providing lively retirement communities, and finding new ways to deliver affordable housing. As a result, Legal & General Capital (LGC) has delivered over 16,000 homes in the last three years.