Morris Homes Group has agreed to sell 159 homes to Citra Living, part of Lloyds Banking Group plc.
Morris Homes has assembled the properties for private rental across two of their key developments, St Michael’s Park in Northampton, and Prince’s Meadows in Kirkham.
Working together, Citra and Morris Homes will provide additional new homes for open market rent that will help to meet the significant demand for quality rental properties in these areas.
Many of these homes will be completed and available as family homes during this calendar year with 135 being completed before the end of 2025.
Cindy Cade, Group Managing Director, Morris Homes, said: “We are delighted to be working with Citra Living to deliver 159 homes for the private rented sector in Northampton and Kirkham.
“Citra Living share our commitment to delivering a wide range of high quality, greener homes across the UK and we are delighted to be working with them to develop communities at desirable locations, whilst supporting our overall growth ambitions to deliver much needed homes across the UK.
“The family dwelling segment of the private rental sector continues to grow and presents an opportunity for us to diversify our revenue streams in the current market alongside developing alternative housing tenures within communities.”
Andy Hutchinson, CEO of Citra Living, said: “At Citra we are committed to providing high quality homes to our customers. Working with Morris Homes at St Michael’s Park and Kirkham helps us to deliver this. We look forward to seeing our customers call St Michael’s Park and Prince’s Meadows home in the near future.”
