Residential property trader plots £500m land buying spree in London, with plans to create rental properties

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property agency on Monday reported it has £500 million lined up for a land buying spree in London in which it programs to develop 1000’s of new rental houses.

Avanton, a investor and developer, reported the land fund will aim on attaining web-sites valued at amongst £20 million to £100 million each individual.

It will then look to make investments even more to produce 300 to 1000 homes for each development. In complete it desires to create up to 5,000 rental houses by the stop of 2023.

A amount of buyers have been backing skillfully managed rental properties, as extra men and women, notably in London where by it is significantly rough to get on the housing ladder, glimpse to lease properties for for a longer time.

Avanton, which has formerly invested in the sector, commonly would continue to be landlord but get a qualified manger to operate the apartments.

The firm, led by Omer Weinberger, is on the hunt for web sites in boroughs including Southwark, Wandsworth, Lambeth, Camden and Brent.