Aviva & L&G show interest in private rented sector

by Gill Montia

Story link: Aviva & L&G show interest in private rented sector

Aviva and Legal & General have been named in connection with potential investment in large-scale developments of private rented housing.

According the Homes and Communities Agency (HCA), which has been seeking out institutional investors for such projects, a consortium of potential investors is being led by Aviva and CB Richard Ellis, the commercial property and real estate services adviser.

The HCA, which describes itself as the national housing and regeneration agency, has also published details of the support it is willing to offer investors.

This includes rental or void support from the body’s “Kickstart” fund and concessions on publicly owned land that can be used for development.