Housing supplier PPHA has bought a portfolio of 156 reasonably priced rental properties in Kent from UK homebuilder Barratt Redrow.
The houses type a part of The Poppies, a growth of energy-efficient houses in Aylesford, Kent.
The properties will home 648 individuals by reasonably priced hire, with a spread of one-bedroom and two-bedroom flats in addition to three-bedroom and four-bedroom homes obtainable.
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 houses available on the market as quickly as doable. This pressing want is obvious from the most recent surprising statistics, which present that there are greater than 169,000 youngsters residing in momentary lodging.
“This primary mission with Barratt Redrow builds on our relationship with each entities up to now and is a giant alternative to carry much more high-quality reasonably priced hire houses to completion, so individuals and households in Kent can have someplace heat, protected and cozy to dwell.”
PPHA has dedicated greater than £327m to rising the variety of reasonably priced houses obtainable by the registered supplier throughout the nation.
William Walsh, managing director at Barratt Redrow Kent, mentioned: “The Poppies is a thriving growth with facilities together with public open area, and is well-connected to the encompassing space, making it a fascinating place for individuals 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 impression investor.
