Published: 17th Feb 2021

Developer Avanton has launched a £500m fund to buy land and build rental properties in the capital. The new fund will target sites across inner London in locations such as Islington, Southwark, Wandsworth, Wimbledon, Hammersmith, Lambeth, Camden and Brent with a view to delivering up to 5,000 build-to-rent units between 2021 and 2023. Avanton will focus on acquiring sites with land values of £20m to £100m, providing for between 300 to 1,000 units per development. The developer has already begun to assemble a significant portfolio of build-to-rent pipeline projects. In Richmond, Avanton and partner ICG have a newly consented £250 million (GDV) urban-village development on the 4.45 acre Homebase site off Manor Road. The development will deliver 453 high quality apartments complete with a pocket-park, retail, community and office uses, and landscaping, designed by award winning architectural practice Assael Architecture. And on Old Kent Road in Southwark, Avanton has consent for the £730m (GDV) Ruby Triangle project which will … (To read the full article, subscribe below)