Lloyds Banking Share Discussion Threads

[freddie01] 17/12/2024 13:56

Lloyds Living and Hill Group Break Ground on Exciting Build-to-Rent Project



Award-winning housebuilder The Hill Group has taken a significant step into the thriving Build-to-Rent (BtR) market by securing its first forward funding deal with Lloyds Living. This landmark partnership marks a major milestone for Hill Group as it ventures further into this expanding sector.

The inaugural project involves the creation of 264 rental apartments in Stevenage, Hertfordshire. It represents a key phase of a larger masterplan, led by Hill, to deliver 576 apartments in Stevenage town centre. Designed to meet modern living demands, the one and two-bedroom apartments will be spread across three state-of-the-art buildings and offer residents exclusive amenities such as an on-site concierge, gym, co-working spaces, and parking facilities.

Lloyds Living, the rental and shared ownership housing division of Lloyds Banking Group, is providing forward funding for the project and will oversee the management and leasing of the properties upon their scheduled completion in 2026.

Expanding Hill Group’s BtR Footprint

Building on its reputation as a trusted partner in the housebuilding industry, Hill is actively exploring BtR opportunities in collaboration with investors and partners. These initiatives include forward funding, forward commit, and joint ventures. The Stevenage development complements Hill’s growing pipeline of large-scale BtR projects, including flagship schemes in Coventry and Wembley.

Andy Hill OBE, founder and Group Chief Executive of The Hill Group, shared his enthusiasm for the venture: “We are thrilled to announce our first Build-to-Rent deal, underscoring our commitment to this dynamic market. By combining our expertise in creating vibrant living spaces with Lloyds Living’s proven track record as a funder and operator, we are confident this Stevenage development will set a benchmark for quality rental homes. With its prime location and excellent amenities, this project is perfectly tailored to meet the needs of the growing number of professionals seeking rental properties in the area.”

Meeting Housing Demand with Lloyds Living

Andy Hutchinson, CEO of Lloyds Living, highlighted the significance of the Build-to-Rent sector: “BtR plays a crucial role in addressing the UK’s housing needs. Partnering with Hill on projects like this enables us to deliver high-quality homes for rent in areas where they are most needed, alongside the facilities that modern renters prioritise.”

Looking Ahead

The Stevenage project exemplifies the potential of Build-to-Rent to transform urban living by providing professionally managed rental properties in vibrant, well-connected locations. With both Hill Group and Lloyds Living focused on quality and community, this partnership is poised to deliver homes that meet the evolving expectations of today’s renters while contributing to the regeneration of Stevenage town centre.

[xxxxxy] 17/12/2024 13:14

537...good one

[xxxxxy] 17/12/2024 13:08

For the record..Brexit Facts4EU.Org SummaryThe EU's Top 10 largest economies... (And the non-EU Brexit Britain)The departure of the UK has left the ranking of the EU's top economies looking like this(GDP in 2023, in US dollars billions)1. Germany : $4,456United Kingdom : $3,3402. France : $3,0313. Italy : $2,2554. Spain : $1,5815. Netherlands : $1,1186. Poland : $8117. Belgium : $6328. Sweden : $5939. Ireland : $54610. Austria : $516[Source : World Bank.]

[utrickytrees] 17/12/2024 12:40

Dominic Cummings confirms what we suspected all along. UK democracy is merely a facade. Governments & MP's are puppets for the unelected bureaucrats of the deep state and there's nothing the electorate can do about it!

[xxxxxy] 17/12/2024 10:44

By Jonalyn CuetoDec 17, 2024ShareAXA UK has entered into a five-year partnership with Lloyds Banking Group, making AXA the exclusive provider of motor insurance products under Lloyds Banking Group's brands: Lloyds, Halifax, and Bank of Scotland. A news release noted that the agreement will begin in May 2025.This partnership will see AXA UK become the sole underwriter of car and van insurance for Lloyds Banking Group's extensive customer base of 27 million individuals. Currently, motor insurance under Lloyds Banking Group is provided by a panel of insurers, but the new agreement consolidates the underwriting under AXA's stewardship....Insurance Business

[scruff1] 17/12/2024 10:41

Base jump early today. Seems to be quite popular today

[hardup1] 17/12/2024 10:35

Yes the fall in Lloyds share price coincides with the Barclays news release.

[s34icknote] 17/12/2024 10:28

Bloomberg says Barclays lost motor finance case ???Can't find it any where else ??Cbg and Barclays did same

[hardup1] 17/12/2024 10:22

Big spike down in Lloyds share price at 10 o'clock? 55.3p to 53.85p in 5 minutes?

[arja] 17/12/2024 08:32

min pong.
saying you are "simple" would almost be a compliment as you are as ignorant and thick as they come . So facts are facts are they ? So is the success of BREXIT a FACT sport ?

[scruff1] 17/12/2024 07:46

Talk of an emergency Spring budget to raise taxes and cut spending. Going well isnt it. Rayner having to curtail voting opportunities to express dissatisfaction with the student government. How very communist. Im surprised she wants houses to be built for the proletariat. I would have thought apartments in concrete tower blocks would have been more in keeping.

[scruff1] 17/12/2024 06:59

is 'redad' an aboriginal term, Oz colloguialism or just another example of your poor grasp of English ? If you have only watched the highlights why comment at all as, as with most topics you only have a limited knowledge. As the old adage - better to keep quiet and be thought a fool than to speak out and remove all doubt.

[arja] 17/12/2024 02:11

scruff1,
I watched the highlights and am too busy to read about Walker's private life which you and min pong redad about in your little right wing rags who never lie or exaggerate !

[xxxxxy] 16/12/2024 22:03

John Redwood@johnredwoodThis week will reveal just how much Rachel Reeves has put up inflation from the 2% she inherited. Her price rises for energy, the tax raising budget and inflation of public sector costs have put up the cost of living.4:45 am · 16 Dec 2024

[scruff1] 16/12/2024 18:55

Rich innit when she wants to stop locals having a say in planning issues affecting their area. Shes a thick cow - end of.