M&G Real Estate to finance 315 build-to-rent homes near London

M&G Real Estate is financing 315 build-to-rent homes adjacent to Reading Station, near London, bringing its investment in the residential sector to £900 mln (€1 bn).

Thames Quarter, a development of one, two and three-bedroom apartments, is the latest deal made on behalf of the M&G UK Residential Property Fund managed by Alex Greaves. Watkin Jones will act as developer and contractor with the opportunity acquired from Lochailort.

It will include 930 m2 of facilities including a residents’ lounge overlooking the Thames, a tech hub, cinema, dining rooms and roof terraces. Reading station, soon to be part of the Crossrail network, is less than a three-minute walk away from the building with the fastest trains taking just 25 minutes to Central London. The property will be ready for occupation in 2021.

Alex Greaves, ‎head of residential investment at M&G Real Estate, commented: 'Thames Quarter provides scale, first class amenities, intelligent design and goes a little way to addressing the shortage of quality private rented accommodation in Reading.'


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