Lloyds Banking Share Discussion Threads

[freddie01] 01/6/2024 12:00

Citra acquires 87 Edinburgh rental homes from Barratt


Citra Living, part of Lloyds Banking Group, is to bring 87 new homes to the rental market in Edinburgh following its latest deal with Barratt Developments.

Citra, which owns and operates a growing portfolio of more than 2,000 homes across the UK, has acquired 66 apartments and 21 colony-style houses from the UK’s largest housebuilder at its Heron Bank scheme in the north of the city.

The deal sees Citra take on a range of one, two and three-bed homes at the 115-home development which is nearing completion in the city’s Bonnington area. The homes are a short walk to the many shops, cafes and restaurants of Leith and the open spaces of a number of local parks, including the Royal Botanical Gardens.

The first phase of homes will be available to rent from next month.

Heron Bank is located on South Fort Street near the Water of Leith and represents the successful regeneration of a previously disused steel works and builder’s yard. The former brownfield site is also less than two miles from Edinburgh city centre, including the capital’s UNESCO-recognised Old and New Towns and nationally connected Waverley train station.

The acquisition is part of the strategic partnership formed between Citra and Barratt Developments in 2021 with the aim of improving access to high quality homes for UK renters. To date, the partnership has contracted to deliver more than 1,500 homes across the UK, with this latest deal following Citra’s acquisition of 156 new family homes at Barratt’s Winnycroft scheme near Gloucester last month.

Andy Hutchinson, chief executive officer of Citra Living, said: “Our focus continues to be bringing forward high quality new homes and delivering a positive rental experience in places where people want to live. Brownfield regeneration has a huge part to play in the UK’s housing mix, and this scheme highlights how new life can be breathed into a disused site to grow the residential offering in what is already a thriving and well-connected area.

“It’s pleasing to see the continued success of our partnership with Barratt, which has consistently created high-quality homes for our customers. Anticipating our first customers arriving this summer, we look forward to the new residential community at Heron Bank taking shape.”

Alison Condie, managing director at Barratt Developments East Scotland, said: “Barratt Developments is proud to be continuing its partnership with Citra Living by providing much-needed rented accommodation in one of Edinburgh’s most vibrant areas.

“With current conditions in the market, it’s more important than ever that we look at a spectrum of options when it comes to the development of homes. By transforming brownfield sites such as Heron Bank, we’re unlocking land that would otherwise lie dormant, providing further investment into the Leith community.”

[mikemichael2] 01/6/2024 11:32

Nasen Saadi, from Croydon, London, who is also charged with attempted murder, was remanded in custody after appearing at Poole Magistrates' Court.

Well I never! 'Let all those who tern up in'

Sport.

[leas1] 01/6/2024 11:24

@ jibber

The other 2 banks are not as dependent on the UK economy as Lloyds Banking Group. They have a more diversified revenue stream.
Lloy is narrowing the gap as the UK outlook improves. The current buyback strategy should also help that disparity even out.

[arja] 01/6/2024 05:56

scruff1 ,
how ya goin sport ? We are now living in OZ again and I will enjoy seeing the tories hammered in the coming G.E and will think of you with tears rolling down your eyes at thought of leftie liberals in power :) . Are you still in the thick 31% mentioned in text hereunder ? The good old EU I say !


The survey showed that if there was a vote on EU membership tomorrow the result would be very different, with 48 per cent saying they would vote to rejoin and 31 per cent saying they would still opt to stay outside the EU. When “don’t knows”, “won’t votes” and “uncertains221; are stripped out that would be a 61 per cent to 39 per cent victory in favour of rejoining.

The survey also showed agreement for Lord Heseltine’s assertion that this election would be “the most dishonest” of modern times, with 40 per cent saying it would and 15 per cent disagreeing.

Just 31 per cent disagreed that Brexit should be one of the top issues compared to 58 per cent who said it should be.

[hardup1] 31/5/2024 18:32

After 67 trading days, buyback complete to date:
Total shares to date........................1,388,789,904
Aggregate cost to date... ..................£709,655,910.35
Average price paid to date..................51.0989p
Percentage of £2 billion buyback completed..35.48%

[jl5006] 31/5/2024 18:00

Yet still to get to the root cause - my greatest dare was a skip in the cornfield
Us treason may - her net zero utter madness!

[senden11] 31/5/2024 17:57

Looks like Nasal Starmer has buckled under pressure in the thick Abbott affair. Yet more tokenism in this nonentity's journey to influence. Should even the polls out a bit.

[stonedyou] 31/5/2024 17:51

NATO weapons to be hit in any country from where Russia may be attacked — Medvedev

The senior Russian official added that Moscow proceeded from the fact that all long-range weapons supplied to Ukraine were already "directly operated by servicemen from NATO countries"


MOSCOW, May 31. /TASS/. NATO countries that have approved strikes with their weapons on Russian territory should be aware that their equipment and specialists will be destroyed not only in Ukraine, but also at any point from where Russian territory is attacked, the Russian Security Council’s Deputy Chairman Dmitry Medvedev said on his Telegram channel, noting that the participation of NATO specialists could be seen as a casus belli.

"All their military equipment and specialists fighting against us will be destroyed both on the territory of former Ukraine and on the territory of other countries, should strikes be carried out from there against Russian territory," Medvedev warned.

He added that Moscow proceeded from the fact that all long-range weapons supplied to Ukraine were already "directly operated by servicemen from NATO countries", which is tantamount to participation in the war against Russia and a reason to start combat operations.

Therefore, said Medvedev, NATO would need to legally qualify the destruction of its equipment, facilities and servicemen in case of "possible retaliatory strikes <...> in the context of articles 4 and 5 of the Washington Treaty".

Articles 4 and 5 of the North Atlantic Treaty, which created the alliance, list NATO countries’ actions in case any of them is threatened, as well as the rules of the bloc’s collective defense. According to these provisions, a threat to one NATO country is perceived as an attack on all members of the alliance. At the same time, the document does not specify what exactly NATO may regard as an attack or threat, so it establishes a consultation mechanism for deciding on a response.

[jubberjim] 31/5/2024 13:29

The buy back make perfect sense to me at the moment

At the moment I have Lloyds trading 10% below their contemporaries Barclays and Nat West

I don t for the life of me pretend to understand why

But while the opportunity exists will continue to add here as opposed to the aforementioned pair

[mikemichael2] 31/5/2024 08:34

Deluded and brainwashed weak worshiper, probably the secret lover of Diane Abbott?

[diku] 31/5/2024 08:22

No doubt there will be appeals and prolonged counter appeals after sentencing...how does it all look on the World stage if Trump wins election from the current state...democracy mockery at its best...

[scruff1] 31/5/2024 08:16

I thought Farage was as usual the one with the greatest grip on reality. He certainly was the most interrupted by F. Bruce. He was spot on with his view on Labours attack on schools - as indeed was Morgan. It is the politics of envy of the worst kind. Like all communists they just cant help social engineering to try and create the world as it appears in their twisted version of it and in the process destroy individuals freedoms and economic well being. We have 5 years of it riding over the horizon towards us.

M2
What did you make of the Bishop of Dover

[gotnorolex] 31/5/2024 08:03

Nixon lost the Presidency and the electorate on a single impeachment over Watergate
Boris lost his Premiership over Partygate
Starmer to win a landslide after Beergate
Trump got impeached twice, went bankrupt thrice, now a convicted felon over Stormygate
will win in a landslide
God knows where the West is heading? As the sandwich board man outside Parliament said
The End is Nigh!

[mikemichael2] 31/5/2024 08:00

BBC 'set up' Farage last night with that 'planted' woman right at the front in pink, They were out to get him. Disgusting behaviour.

[scruff1] 30/5/2024 22:36

Both probably. Can they make a prison look like the White House? Prison Cell 1. Gonna be fun. Dare they give im 4 years custodial?

[gotnorolex] 30/5/2024 22:14

TRUMP FOUND GUILTY!
Expect a landslide or a riot!

[gotnorolex] 30/5/2024 22:12

Why should one as a just-getting-by pensioner, pay tax on every move, then pay massive council tax again to subsidise Council House dwellers who pay 1/4 of the rent a private tenant might pay living across the road with the same amenities. Their free car parks are packed with "Best Car" models galore! They don't spend a penny on light bulbs, free repairs to fixtures and fitting, get very expensive plumbing for free, no exorbitant house insurance premiums to pay. No one year rent deposit on moving in, and no credit rating checks before allocation! Their 600 pounds approx rent per month is capped!
A growing number of Council flat tenant's in Central London sign up to Airbnb for a whacking £257 to £453 per night, enough to pay for a Luxury holiday in the Maldives. Check it out!