Lloyds Living has finalised the purchase of Start Living, a 610-home portfolio created through a joint venture between Gatehouse Living Group and TPG Real Estate. The deal increases Lloyds Living’s total holdings to more than 7,300 properties across the UK.
The portfolio comprises 578 single-family houses and 32 low-rise apartments developed by Countryside and Vistry. Properties are located in key regional markets including West Bromwich, Nottingham, Liverpool, Grimsby, Scunthorpe, and Coseley. The Nottingham apartments are situated in Fairham.
Over 550 of the homes are already completed and operational, while the remaining units at Fairham and Padstow are scheduled for completion by the end of 2025. Each property has an EPC rating of B or higher, reflecting a focus on energy efficiency and modern construction standards.
Matthew Burgess, Chief Investment Officer at Lloyds Living commented:
“This new deal is another significant step in our growth journey. The secondary market for PRS portfolios is still in its infancy but is vital to the wider success of the sector by allowing a freer flow of capital and continued investment in new developments.”
The new acquisition supports Lloyds Living’s continued growth in the private rental sector and marks another significant investment in purpose-built housing for long-term renters. Property management will remain under Ascend, one of the UK’s largest operators in the sector.
Gatehouse Living Group has now delivered or is developing around 5,000 homes nationwide, representing over £1 billion in deployed capital across the single-family rental market.
