Single-family rental developer-operator Placefirst has acquired a 34-home scheme in Corby, Northamptonshire, from Jelson Homes for £8m in a forward-funded deal.
The scheme comprises a mix of two-, three- and four-bedroom houses within the new Priors Hall Park development.
Placefirst will be responsible for letting, operating and maintaining the properties once completed by Jelson later this year.
David Mawson, CEO of Placefirst, said: “The importance of providing rental options for local people cannot be overstated, likewise the expertise of local housebuilders like Jelson Homes, which create homes that meet the needs of each individual community. As our first presence in the East Midlands, this partnership with Jelson Homes is an exciting milestone for Placefirst as we press forward with our expansion in the region.
“Close collaboration will continue to be a key part of our expansion plans, and we look forward to exploring further partnership opportunities with those who share our commitment to create sustainable housing solutions that genuinely enhance local communities.”
James Jelley, director of operation at Jelson Homes, added: “Priors Hall Park is a vibrant development with great facilities for the residents and we are proud to help Placefirst expand into the East Midlands region.”
