Greystar has acquired the 391-home Renshaw’s Yard development in Staines-upon-Thames town centre from Dandara Living in a forward funding deal.
Dandara Living will act as developer and contractor for the Surrey site. Construction is due to start later this year, with completion expected in the second half of 2026.
Designed by Hodder + Partners and Aros, the £110m development will consist of 345 private units, six private three-bed townhouses and 40 discounted market rent units, as well as a basement with 215 car parking spaces and 396 cycle storage spaces.
Harry Downes, managing director, UK investment at Greystar, said: “The acquisition of Renshaw’s Yard will provide much-needed rental housing in Surrey, a region constrained by limited supply but fast-growing demand for a high-quality rental product.”
He added: “Part of the M3 local enterprise corridor, and adjacent to the M4 tech corridor housing several global creative and technology companies, Staines provides excellent proximity to employment hubs and is increasingly attracting new talent to the region. This has led to significant residential-led regeneration in the areas, with approximately 1,750 apartments currently in the pipeline to house existing and new residents drawn to Staines’ well-connected location paired with enviable riverside living.”
Dandara Living was advised by Savills.
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