Housing association Network and developer Stanhope have signed a framework agreement to develop jointly PRS sites across the capital.
The pair will look to purchase and develop PRS sites, for which Network will provide long-term management and maintenance services.
Opportunities being appraised include sites in Westminster, Brent and Harrow.
David Camp, chief executive of Stanhope, said: “Housing is the number-one issue in London at the moment and one in four Londoners currently lives in the private rented sector with its plethora of accommodation standards and landlord services.
“Within the next decade or so it will be one in three Londoners and Stanhope is keen to provide a range of housing tenures to include build to rent to meet this demand.”
Network is a member of the G15 group of London’s largest housing associations, and manages more than 19,000 homes across London, Hertfordshire and the South East.
