Posted 24.07.13
A Southampton quayside development has become the first to benefit from a government scheme to build homes specifically for private rent.
Housing Minister Mark Prisk welcomed the first deal under the Government's £1 billion Build to Rent scheme, to deliver homes for private rent as part of a development at the Centenary Quay development.
He said the announcement was a clear example of government-led efforts to build a bigger, better private rented sector to give tenants greater choice.
The £500 million Centenary Quay project will transform the former Vosper Thorneycroft marine works in Southampton, to offer a total of 1,600 homes as well as shops, cafés and a new supermarket.
The Build to Rent deal forms part of a £7.5 million package to help deliver 230 of the homes on the site - 102 of which will be available for private rent.
Once the 102 homes for private rent are completed, developers Crest Nicholson will then sell them to the A2 Dominion Group, who will let and manage them as the landlord.
