A UK private-rented sector venture, backed by Delancey Oxford Residential (DOOR), APG and Qatari Diar, is funding a London regeneration scheme.
Get Living is providing £252m (€278m) to Muse Developments to forward fund the second and final phase of Lewisham Gateway.
The scheme will be operated by Get Living and provide 649 homes for rent as retail space and offices.
Lewisham Gateway will be Get Living’s third London neighbourhood of homes.
The wider development is a joint project between Lewisham Gateway Developments – a subsidiary of Muse Developments, the London Borough of Lewisham, the Mayor of London and Transport for London, supported by Homes England.
The scheme, which is being constructed by Balfour Beatty, is expected to be in 2023.
Mike Auger, regional director at Muse Developments, said: “The deal with Get Living is a proud moment for everyone involved with Lewisham Gateway, as it highlights investor confidence in our long-term vision - despite the unprecedented situation we all find ourselves in - to deliver a truly transformational scheme that will drive economic and social prosperity in the heart of Lewisham when it’s needed most.
Rick de Blaby, CEO at Get Living, said: “This is Get Living’s third London neighbourhood and sixth nationally and we are committed to delivering real social value for local people.
“In these challenging times, we believe that build-to-rent is proving to be one of the most resilient real estate sectors, thanks in large part to its customer-first culture and its commitment to supporting community.”
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