Build to Rent: North West Citra Living Acquires 821 Homes from Gatehouse Living Group October 16th, 2024 Deividas Krupstas Citra Living, a subsidiary of Lloyds Banking Group, has completed the acquisition of 821 rental homes from Gatehouse Living Group. The property deal, finalised on October 16, 2024, includes homes across Greater Manchester, Merseyside, and the West Midlands, spread over nine schemes that were originally completed in 2018. This acquisition marks a significant expansion of Citra Living’s rental property portfolio, pushing the company’s total number of homes to over 5,000. More than 3,000 of these homes are already delivered and occupied, further demonstrating the company’s commitment to providing high-quality rental housing across the UK.The transaction represents a notable development in the UK’s Build to Rent (BTR) sector, particularly within the single-family home (SFH) market. It highlights Citra Living’s continued growth and success in expanding its presence in the rental market, while also marking Gatehouse Living Group’s successful exit from a portfolio of stabilised assets. This acquisition reinforces Citra Living’s mission to meet the growing demand for rental properties and contribute to the ongoing development of sustainable housing solutions throughout the country.Citra Living, as part of Lloyds Banking Group, is dedicated to providing affordable and well-maintained homes across the UK. The company’s expansion into the Build to Rent sector underlines its focus on delivering long-term, sustainable housing for families and individuals.
