The subsidiary of Lloyds Banking Group which operates the bank’s Build To Rent portfolio has added just under 60 new homes to its portfolio.
Citra Living now operates more than 4,000 properties, of which 2,500 are delivered and occupied: it’s latest move it to forward-purchase 58 single family homes at housebuilder Gleeson Homes’ Wood Hall Chase development in Bierley, Bradford.
Citra will bring to the lettings market what it calls “a range of high-quality two, three and four-bedroom homes for private rent” with the first due for completion in 2026.
All 58 of the new Citra-managed homes will be delivered to EPC B rating, supported by air source heat pump technology.
Andy Hutchinson, chief executive officer of Citra Living, says: “Wood Hall Chase further strengthens our growing portfolio as we continue to pursue opportunities to create a positive mix of housing in areas where people want to live. We’re looking forward to seeing the homes progress and welcoming new customers to the Citra community as we continue to provide pathways from rental through to home ownership.”
A spokesman for MJ Gleeson adds:”We are delighted to partner with Citra Living to deliver 58 single family homes on our development in Bradford. This partnership aligns with our mission, core values, and commitment to excellence, offering more customers access to quality homes through our combined expertise.”
This article is taken from Landlord Today