Harworth has launched a 1,200-home single-family build-to-rent portfolio across 10 of its development sites.
The regeneration specialist is now seeking forward funding and long-term investment partners for Project Spur, which will create BTR opportunities at its sites in Yorkshire, the Midlands and North West.
Chief executive Lynda Shillaw (pictured) said: “Harworth’s extensive portfolio is particularly well suited to delivering institutional-quality single-family rental homes at scale.
“Project Spur is part of our strategy to accelerate the development of our residential sites, providing a range of homes for local people and enabling diverse communities. We look forward to working with partners aligned to our purpose and ambitions, to continue delivering places where people want to live and work.”
The BTR platform, which was first mooted in September 2021, forms part of Harworth’s strategy to grow to a £1bn business over the next five years. It will be complementary to Harworth’s existing build-to-sell products and will support the company’s ambition to double its residential plot sales to around 2,000 each year.
The project has an anticipated delivery timeline of three years. There will be the potential for the partner to work with Harworth to introduce the single-family BTR product to additional sites as part of future phases of development.
Project Spur is being marketed by Allsop.
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