St. Modwen sells 200 PRS homes in deal worth £75m
St. Modwen has completed the forward-sale of more than 200 private rented sector homes in a deal worth £75m.
The 207 units are based at its 1,300-home mixed-use regeneration project at St. Andrew's Park, Uxbridge.
It has sold the homes to Annington Rentals (No.4) and the sale will accelerate the delivery of future phases of the St. Andrew's Park scheme. It will also release capital for St. Modwen to invest in build-for-sale homes which will not compete with the private rented sector housing tenure.
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