L&G has formed a new partnership with Japan’s Nomura Real Estate Development to deliver more than 1,000 rental homes following the acquisition of their first site in Herne Hill, Lambeth.
The initial development will deliver more than 200 residential homes, with 35% designated as affordable housing. The development will also feature a range of amenities, including landscaped communal gardens, coworking spaces and a gym.
The partnership will initially target sites in central London, focusing on brownfield and underutilised land to “help regenerate communities and maximise the delivery of sustainable, high-quality homes,” the partners said at the announcement.
Over the next five years, the partnership aims to…