Willmott Dixon to develop homes for rent

摘要

Contractor Willmott Dixon is poised to become a developer with a deal to build 1,500 homes for rent with Birmingham council, writes Joey Gardiner. Willmott Dixon is understood to be leading a consortium, with housing association West Mercia and property consultancy Savills, to build the homes in a joint venture with the council. Sources say the deal, which is set to be signed in the next few weeks, will be the first large-scale example of a developer building homes for rent without a large public subsidy.