Citra Living teams up with Barratt Developments



Citra Living — part of Lloyds Banking Group — and Barratt Developments have formed a strategic partnership to work together on a site-by-site basis to develop incremental housing stock for the rental market, with a focus on the environmental standards of properties.

203_2021-10-11-04-53-12pm.gif

The two firms are in the process of identifying and agreeing terms for the initial sites to be progressed under the collaboration.

The news follows Citra Living’s launch in July, which aims to address the increased demand for rental properties by building new homes through partnerships with developers and housebuilders.

Andy Hutchinson, managing director at Citra Living, said: “We were borne out of the need to build additional good quality, accessible, affordable homes for the rental market, given the increasing demand within the private rental sector. 

“We have reached a significant milestone by partnering with Barratt Developments, which shares this ambition, to provide access to quality homes for renters.

“We are at the early stages of working together, but I’m excited about what we will be able to achieve.”

David Thomas, CEO at Barratt Developments, added: “We are delighted to be launching this partnership with Citra Living and looking forward to working together to deliver high quality sustainable homes for rent.”



Leave a comment