Weston Homes announces its first major forward fund deal with Royal London Asset Management to develop the c. €131m Bracknell Beeches into a Build-To-Rent (BTR) scheme. Under the terms of the agreement, Royal London Asset Management will purchase the entire Bracknell Beeches site and development from Weston Homes, while also entering into a development agreement with Weston Homes to construct the project.
Bracknell Beeches will deliver 349 one-, two-, and three-bedroom apartments spread across seven buildings, with heights ranging from four to 16 storeys. The scheme is designed to offer a premium living experience, complete with amenities including a concierge, gymnasium, communal lounge/business suite, and communal outdoor terraces and gardens for tenants.
This Bracknell Beeches deal represents a significant milestone for both companies, signalling Weston Homes' commitment to forging long-term partnerships with leading investment funds. The development is set in a prime location, less than 100 meters from Bracknell train station, offering direct connections to London Waterloo in just over an hour—an ideal setting for tenants seeking convenience and modern living.
Royal London Asset Management and Weston Homes share a commitment to quality, sustainability, and long-term investment in the communities they serve. This partnership ensures that the Bracknell Beeches development will be executed to the highest standards, creating lasting value for both investors and residents. As part of the deal, ProperTies will manage the Private Rented Sector (PRS) aspect of the development.
Bob Weston, Chairman & Chief Executive of Weston Homes, said: “We are delighted to have secured our first major forward fund deal with Royal London Asset Management, one of the UK’s most respected investment managers. This project underscores our commitment to delivering exceptional developments that meet the evolving needs of modern living. We look forward to building a lasting partnership with Royal London and contributing to the future of Bracknell’s residential landscape.”
Mark Evans, Head of Property & Commercial Development at Royal London Asset Management, said: “This collaboration with Weston Homes on the Bracknell Beeches project aligns with our strategy to expand our portfolio in the residential sector, providing our investors with strong, sustainable rental income returns. We look forward to seeing this development take shape and contribute to the growth of Bracknell’s community.”
Image source - Weston Homes.
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