The Berkeley Group has signed a landmark deal with the Homes and Communities Agency (HCA) to establish a Private Rental Fund (the "Fund").

Under the terms of the innovative agreement, approximately 555 new homes constructed by the Berkeley Group over the next two years will be purchased by the Fund, which is a wholly owned subsidiary of the Berkeley Group, and which will retain the properties for rent on the open market. The deal represents the first private rental initiative to be completed with the HCA.

Source: propertytalk Live!.

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