Citra Living, the build-to-rent (BTR) arm of Lloyds Banking Group, has agreed a deal with Utopi to roll out the ESG technology company’s solutions across its UK portfolio.
Utopi’s data and technology solutions will initially be rolled out to 92 homes across four locations by summer 2024 to give Citra real time, granular data from its properties to assess ongoing performance and to monitor and report on ESG regulations.
This information will be fed back to Citra’s residents to help them minimise and control energy consumption and carbon emissions.
Craig Luttman, chief strategy officer at Citra Living, said: “This strategic agreement with Utopi will both help reduce energy costs for our customers and help us progress towards our net zero carbon ambitions. The ability to closely monitor the performance of our homes across the UK and to use these insights will drive positive changes for our customers and improve the energy efficiency of our growing portfolio. This is the start of an exciting partnership for Citra Living.”
Jonathan Burridge, CEO and co-founder of Utopi, added: “This strategic agreement is a great sign of the impact Utopi can make, not just on increasing NOI but also ensuring investors, asset managers and operators adhere to ESG standards and regulations. Citra Living has an exceptional name in the market, and we’re proud to be aligning our businesses to expand further into the multi-family sector. A sign of good things to come, and we’re excited to be on this journey with them.”
