Big British companies are entering the rental market
The build-to-rent sector is booming
CHATTER ABOUT house prices and the property market has long been a dinner-party staple. Now it is spreading to the boardroom. An internal job advert at Lloyds Banking Group has revealed that the lender plans to enter the build-to-rent sector, with an ambitious target of owning 50,000 properties by 2030. John Lewis, which sells everything a dinner-party host might want for the home, announced earlier this summer that it plans to build 10,000 rental properties. Large insurance companies, such as Aviva and Legal & General, have entered the market in recent years, as have several private-equity firms.
This article appeared in the Britain section of the print edition under the headline “Build it and they will rent”
Britain August 28th 2021
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