M&G Real Estate inks fourth investor-housebuilder deal

Durkan flats

M&G Real Estate and Durkan have inked a 拢71m deal to finance and build 206 private rental homes in Ilford, east London.

The Britannia Music Site scheme will include a mix or one, two and three-bedroom flats across two buildings.

Durkan will be developer and contractor on the project. Completion is scheduled for April 2020.

The deal is M&G Real Estate鈥檚 fourth investor-housebuilder deal in the private rental sector, closely following a similar deal with Telford Homes for 125 flats in Upton Park.

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