Meyer Homes has partnered with Invesco Real Estate to deliver 255 Build-to-Rent units in the London Borough of Hounslow, West London.

The forward-funded development was acquired for a total gross investment of c.£107m for Invesco’s dedicated UK residential strategy.

James Moody, Managing Director at Meyer Homes, said: “We are delighted to be working with Invesco who recognised the added value that Meyer Homes brought to the Hounslow project having gained planning consent for 293 homes and secured a contract with Bennetts to construct the buildings. There has been much made of the housing crisis in London and Meyer Homes are working with strategic partners to bring homes in the pipeline forward as soon as possible through either a forward funded or sale route.”

The complex will consist of seven buildings of various sizes comprising 19,825 sqm in residential space and 971 sqm total commercial space created. A mixture of studio apartments, 1-bed, 2-bed and 3-bed apartments and 14 mews houses will be built, as well as car parking spaces, retail units and associated residential amenity space all designed to provide a sense of community.

John German, Senior Director, Residential Investments at Invesco Real Estate, said: “The Hounslow Place project was the 7th asset which we acquired for the fund in 2017, and the fund’s 2nd asset in London. We have always maintained that a fundamental part of our BtR programme is to work with reputable partners to ensure our units are designed and built for purpose, and that operational efficiencies exist with an on site property manager. We are delighted to be working with Meyer Homes who we see as a strong delivery partner for our BtR programme.”

Hounslow Place is located within close proximity to Heathrow airport and Hounslow High Street. It is expected to be completed in 2020.