Housing supplier PPHA has bought a portfolio of 156 reasonably priced rental properties in Kent from UK homebuilder Barratt Redrow.
The properties type a part of The Poppies, a improvement of energy-efficient properties in Aylesford, Kent.
The properties will home 648 folks by reasonably priced lease, with a spread of one-bedroom and two-bedroom flats in addition to three-bedroom and four-bedroom homes out there.
They are going to be constructed over the following three and a half years, with the primary resulting from be accomplished in December.
Daniel Watson, head of PPHA acquisitions at HSPG, mentioned: “We’re dedicated to getting extra reasonably priced rental properties in the marketplace as quickly as potential. This pressing want is clear from the newest stunning statistics, which present that there are greater than 169,000 kids dwelling in short-term lodging.
“This primary undertaking with Barratt Redrow builds on our relationship with each entities up to now and is an enormous alternative to carry much more high-quality reasonably priced lease properties to completion, so folks and households in Kent can have someplace heat, protected and comfy to dwell.”
PPHA has dedicated greater than £327m to rising the variety of reasonably priced properties out there by the registered supplier throughout the nation.
William Walsh, managing director at Barratt Redrow Kent, mentioned: “The Poppies is a thriving improvement with facilities together with public open area, and is well-connected to the encompassing space, making it a fascinating place for folks to dwell.
“We sit up for welcoming our first new tenants over the approaching months.”
PPHA is a part of the HSPG group, a social affect investor.
