Top US developer may invest in private rental scheme

摘要

LeFrak, one of the biggest property companies in America, is talking to UK developer Chelsfield about a joint investment in the government's private rented initiative, Building understands.rnThe initiative is intended to attract private finance to the private rental sector. Asset management firm Aviva Investors has already expressed an interest in the programme in collaboration with CB Richard Ellis; Legal & General is alsornreported to be in talks.rnThe programme, which is being run by the Homes and Communities Agency (HCA), seeks to encourage funds to invest in residential rental property usingrnincentives such as rental guarantees or discounted government land. It is hoping to generate £1bn of investment.