Housing company acquires 63 homes in Waterside scheme

Citra Living, part of Lloyds banking group, has acquired 63 homes from Keepmoat at the Waterside scheme in Leicester.

The waterside part of Leicester’s waterway regeneration will feature 300 homes, transforming neglected buildings into a new neighbourhood.

The acquired properties include apartments and houses.

JLL will manage these homes, with seven properties already handed over and 56 more expected by August 2024.

The wider waterside project incorporates flood protection, biodiversity enhancements and improved canal and river access.

This acquisition follows the partnership’s exchange of nearly 50 homes in Gedling, Nottingham in August.

Andy Hutchinson, managing director of Citra Living, said: “The unused brownfield site at Leicester’s waterside has so much potential and, thanks to the ongoing investment from the Council and others, it is set to become a vibrant new neighbourhood that will benefit the community for generations to come. That’s what made it the perfect fit for Citra, as we continue to offer rental options where people want to live long-term, close to employment hubs and amenities.

“Like many other UK cities, Leicester has a striking shortage of homes available for rent, so, we’re pleased to be able to support Keepmoat in replacing unused land with high-quality, sustainable homes.”

Tristin Willis, regional managing director at Keepmoat, East Midlands said:  “Partnering with Citra to progress the development of the disused brownfield land at Waterside is a huge success for the area and is also paramount to Keepmoat’s commitment to creating sustainable communities. We’re extremely proud of our partnership model that allows us to work across local authorities, partners and housing associations to deliver much-needed sustainable, new homes.”