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Search the Public Notice PortalOne of Watford’s major developments delivering 225 homes has been sold as it nears completion.
The Sydney Road project in West Watford was purchased by Royal London Asset Management for an undisclosed price as a built-to-rent property, alongside a separate scheme in Barking.
It has also been revealed that the project is due to be completed in the third quarter of this year.
Paul Ruston, from Royal London, said: “Our aim is to deliver well-managed, high quality homes that meet real local need while providing strong, long‑term returns for our investors.
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“Taking on these schemes – which will be run by our in‑house team, ProperTies Living – is an important step in our commitment to creating homes in the places that need them most.
“Our sustained, hands-on management approach sits at the heart of our strategy, ensuring the homes we build today continue to deliver lasting value for both residents and investors.”
The project will deliver apartments of one to three bedrooms each, landscaped communal areas, parking spaces, and cycle storage.
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