.avif)
-
17/12/25 3:30 pm
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Lloyds Living is reported to have reached a landmark £2 billion valuation on its assets which now total more than 7,300 rental properties.
Lloyds, the UK’s largest mortgage lender, launched its Lloyds Living (formerly Citra Living) division in July 2021; build-to-rent and shared ownership homes that now cover 42 developments across the country, usually located in suburban areas, rather than city centres.
An internal job advert in 2021 revealed that it had plans to acquire 50,000 BTR properties by 2030. However, a spokesman tells LandlordZONE that although this is not its target, it can’t confirm a number.
The Financial Times reports that according to company disclosures and people familiar with the details it has a £2 billion portfolio, making it a top five UK-listed residential landlord, behind insurer Legal & General, fund group M&G and property developer Grainger.
The pace of expansion has increased recently, with growth of 50% in property numbers in the past year. A report by Savills lists the bank as among the biggest investors in single-family homes in the UK in 2024.
New CEO Matt Burgess says Lloyds Living has gone from a start-up to a portfolio of over 7,300 homes in four years. He adds: “That’s only the beginning, we have exciting, ambitious plans to grow our portfolio, the number of rental homes in the UK and the number of people we can help get into homeownership, and together we will deliver them.”
Last month it completed another major acquisition: Start Living, a 610-home portfolio established through a joint venture between Gatehouse Living Group and TPG Real Estate.
The newly acquired homes are in key employment and commuter locations such as West Bromwich, Nottingham, Liverpool, Grimsby, Scunthorpe and Coseley, near Bilston.
Tags:
.avif)
Comments