Citra expands with family homes in Gedling

Citra, an arm of Lloyds banking group that specialises in rental housing management, has acquired 49 homes in Gedling, Nottingham, as part of a large housing project consisting of 1,000 homes, developed by construction company, Keepmoat.

The Park View development, currently under construction, will consist of two-, three- and four-bedroom family homes.

The initial 16 homes have been handed over and ready to rent, while the remaining will be completed in the October phase.

The collaboration between Citra and Keepmoat, announced earlier this year, is geared towards increasing the supply of rental housing across the UK. As part of this partnership Citra has already invested in 68 residences at Keepmoat’s Coney Green site in Clay Cross, located near Chesterfield.

Managing director of Citra Living, Andy Hutchinson said: “It’s great to see our partnership with Keepmoat building momentum, delivering good quality, sustainable housing for young families and workers that grows our footprint in a new area. 

“Our focus is on delivering rental options where they’re needed most, and with new job opportunities popping up in Nottingham and across the East Midlands, it is the perfect location for young people and families to put down roots.”