Aviva Investors and Packaged Living have completed a deal to acquire and develop 195 homes in Telford, a town in the West Midlands region of Shropshire County, England.
The investment is the first since the two firms announced a partnership in November 2021, which will create a single-family rental platform of suburban properties across the United Kingdom, increasing the supply of affordable homes while supporting the transition toward a low-carbon future.
The 195 units forward purchased by the partnership consist of 148 semi-detached, nine terraced and 38 detached homes that together will provide more than 179,000 square feet of family housing. The properties form part of the wider Charlton School development in Telford, set on the former site of a secondary school and owned by established U.K. housebuilder, Vistry Partnerships.
“We believe Single Family Rental is the next chapter in the evolution of the build to rent story and we are really excited to be wo
