Lloyds Living PRS on the Rise in Cardiff

Lloyds Living, the rental housing and shared ownership arm of Lloyds Banking Group, formerly Citra Living, has acquired a 272-home site on Guildford Crescent in Cardiff. “The Rise”, acquired from developer Galliford Try, will provide 40 one-bedroom and 132 two-bedroom flats in a 31-storey tower, with retail at ground level. It also includes  a gym, bike storage, lounges, games areas and terraces providing views across Cardiff. The building will be powered in part by rooftop solar panels. Construction of has already begun and is expected to be completed in summer 2026.  Andy Hutchinson, chief executive at Lloyds Living, said: “There is a shortage of homes of all types across the country and, by working with developers like Galliford Try to identify locations in areas of need, we hope to help close the gap sooner. Our new Guildford Crescent site will offer high-quality homes that meet the needs of modern city living, allowing more people to live and work where they want.” Phil Harris, managing director at Galliford Try Investments, said: “The Rise development represents a crucial step for us within the private rented sector market – an important part of our sustainable growth strategy – and we are proud to be working on it with Lloyds Living.”