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Who’s doing what, where and how in the private rented sector
Group Branding PRS homes in
management
Planned Rents Management Area of operation Financing
Housing associations              
North British HA Blueroom 400 committed Aim to invest £100m over 3-5 years. £32m already committed Market. Rents in London £220-260 pw Countrywide National £15m North British equity. £15m British commercial loan. £70m conventional
Notting Hill Grove Lettings 100 140 Some cost rent; others close to market Self. Agents for letting London £10.8m. All debt-funded
Nottingham
Community HA
Select 500 Will do more if other opportunities arise Sub market Self East Midlands Traditional. Could use CHACO type lease-back in future
Community Citystyle Living 62 Plans for other schemes in Tower Hamlets, Islington, Camden, Hackney and Westminster   Allsop & Co London Redevelopment of former
Joseph Rowntree CASPAR 100 None planned Slightly below market Management agents Yorkshire, Birmingham Internal
Derwent   350 250-300 a year Full market. £500 pm Nottingham; £400 pm Derby   Midlands One scheme CHACO/Norwich Union; others debt funded
Home Group Paramount 200 200-300 a year. £20m a year Market. £300-750 a month
- average £500-600
Self Major cities from Nottingham to Glasgow CHACO/Norwich Union for part
West Pennine Zenna 36 20 in development; aim for 100 a year building to 300-400 stock Full market Self. Agents for letting North West CHACO/Norwich Union. Expect to raise new
finance within 2 years
Cherwell CHT Property
Management
114 More schemes in planning Below market. £300pm Didcot; £550-650 Oxford   Berkshire; Oxfordshire One scheme CHACO/Norwich Union; others debt-funded
Peabody   100 Internal asset management to fund improvements to existing stock Cost rent - about 70% of market Self London Internal
Eastleigh   120 Aiming to expand Close to market Agents for some areas Hampshire area CHACO/Norwich Union
Bedfordshire Pilgrims Pilgrim Lettings 80 Small scale schemes; asset management
of some low-demand stock
15%-20% below market Self Milton Keynes; Bedfordshire CNT land; lease finance (ING)
Yorkshire Housing   200 Firm expansion plans £450-£500 pm Self Yorkshire and Humberside
RDA
Bank lending, CHACO/Norwich Union
Private sector              
ING Real Estate   450 Investment estimated at £50m to date Range from £450pm (Edinburgh) to £2500pm (Windsor) Agents; housing associations Internal York, Chester, Didsbury, Glasgow, Milton Keynes, Windsor, Oxford  
Nationwide Ar home - previously
Quality Street
2100 As opportunities arise Market Self National International
Other housing associations providing market rented homes include Circle 33, Sovereign, Sentinel, Flagship, Leicester and Airways.