Lloyds Banking group’s build-to-rent arm acquires nearly 60 homes
Citra Living, part of Lloyds Banking Group, has boosted its growing portfolio of rental homes across the UK, with the addition of almost 60 new homes on the outskirts of Bradford.
Citra, which now operates more than 4,000 properties (of which 2,500 are delivered and occupied), has forward-purchased 58 single family homes at housebuilder Gleeson Homes’ semi-rural Wood Hall Chase development in Bierley.
As part of Gleeson’s broader 106-home development on Shetcliffe Lane, Citra will bring to market a range of two, three and four-bedroom homes for private rent, with the first due for completion in 2026. The additional homes aim to further support first-time buyers and young families in the area.
All 58 Citra homes will be delivered to EPC B rating, supported by air source heat pump technology.
Andy Hutchinson, chief executive officer of Citra Living, said: “Wood Hall Chase further strengthens our growing portfolio as we continue to pursue opportunities to create a positive mix of housing in areas where people want to live.
“We’re looking forward to seeing the homes progress and welcoming new customers to the Citra community as we continue to provide pathways from rental through to home ownership.”
Graham Prothero, CEO of MJ Gleeson, added: “We are pleased to partner with Citra Living to deliver 58 single family homes on our development in Bradford.
“This partnership aligns with our mission, core values, and commitment to excellence, offering more customers access to quality homes through our combined expertise.”