Legal & General’s suburban build-to-rent business and Miller Homes have launched a partnership to deliver 260 new homes in Northamptonshire.

The move is aiming to address the demand for quality rental housing across the UK.

L&G revealed that the 260 homes are largely comprised of two and three-bed houses featuring air-source heat pumps and solar panelling, with the first handover of units expected to take place in March this year and final handovers in Q3 2027.

The homes are also part of masterplans which will provide not only new homes but also new community facilities, schools, and employment space, in well-connected locations.

L&G’s suburban build-to-rent business is owned by Legal & General Capital, the group’s alternative asset platform.

Managing director of L&G’s suburban build-to-rent business , David Reid, commented: “We’re delighted to begin a new strategic partnership with Miller Homes, simultaneously creating assets for our annuity division and other pension schemes and addressing the significant demand for quality rental housing across the UK.

“Now more than ever, we must deliver diverse residential offerings, to better accommodate the broad range of different households that exist in the market.”

Divisional managing director at Miller Homes, Benjamin Massey, added: “Moving forward, the inclusion of build-to-rent homes as part of our business model will allow us to continue to diversify our portfolio, whilst creating new opportunities for land acquisition and supporting our overall growth ambitions.”

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