London financial group submits £70m plans to create more than 100 new homes
A London financial institution has announced that it has submitted plans for its first suburban build to rent homes in Horsham.
Legal & General (L&G), based in the capital, has submitted plans for its first SBTR, which will create 124 new homes in North Horsham.
The homes will be part of a £70m scheme delivering 200 new properties, forming part of the larger 2,750 home master plan, costing a total of £1bn.
The North Horsham scheme will also create a new school, which is expected to be open from January 2022.
Nigel Wilson, group CEO of Legal & General, commented: “England has a shortfall of over four million homes and the affordability gap for buyers and renters continues to increase.
“We are proud to be making the first steps towards delivering our first Suburban Build to Rent scheme in North Horsham to offer more quality rental options outside urban areas.
“This SBTR scheme is an exceptional opportunity for Legal & General to deliver a site using the spectrum of its housing platform, bringing forward much needed affordable family housing.
“In a new approach which prioritises developing important infrastructure for local areas in the first building phase, Legal & General has helped advance the completion of the infrastructure for a new school, Bohunt School, to bolster high quality options for nearby families.
“It will also use modular methods of construction to ensure speed, scale and quality of delivery, as well as helping to build back better by delivering one of the UK’s first EPC A-Rated Suburban Build to Rent and affordable housing schemes.”
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