Developer L&Q is set to deliver 25,000 new Private Rented Sector (PRS) units, working in partnership with key partners and stakeholders. This represents 25% of the organisation’s vision to create 100,000 new homes over the next ten years. 

With estimates that a quarter of the housing stock in London is privately rented, the housing association has already developed a portfolio of 1,436 properties to date, with a short term pipeline of 2,163 homes in the sector currently in development or planning. 

The bulk of the new homes will be in London, alongside some schemes in Milton Keynes, Cambridge and beyond.  Build on the majority of schemes in the projected pipeline will delivered by Quadrant Construction, a subsidiary of L&Q, alongside a number of high profile joint ventures. 

Diane Hart – Group Director for PRS at L&Q, said, “With a 55 year history in delivering high quality housing, L&Q’s ambition is to deliver many thousands more PRS units to make us one of the UK’s largest providers in the sector.  We have already established a significant portfolio in a relatively short time, including large scale new build schemes, JVs and converted street properties.  L&Q understands that homes matter, and aims to deliver a good quality, value, no nonsense product that meets  peoples’ needs.”

In 2016, L&Q completed Thurston Point, its largest dedicated PRS development to date, of 238 homes, which are now let.  Subsequently, it launched 100 homes at Stadium Place, the regeneration of Walthamstow Dog Stadium, and over 200 properties at The City Mills, L&Q’s landmark regeneration project for Haggerston.

For 2017, significant sites include Royal Wharf, a joint venture with Ballymore, where L&Q will launch over 200 PRS units.  At Barking Riverside, one of Europe’s largest housing projects, L&Q will launch the first 100 units in early 2017, with a total of c. 3,000 PRS units included in the overall 10,800 home master plan.