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Citra Living (Lloyds Banking Group) announces purchase of 110 properties from GRE in Ashford

Citra Living, part of Lloyds Banking Group, has today announced the purchase of 110 properties at the Riverside Park development in Ashford, Kent from Oxford-based housebuilder GRE Assets for an undisclosed price.

Ashford is expected to see the highest population growth in Kent in the coming decade (8% compared to the national average of 4% over the next 10 years), with more people wanting to take advantage of its proximity to the coast and fast rail link into London. The Riverside Park apartments will help to meet growing demand for high quality, great value homes in the area.

The apartments will be situated in two blocks which form part of the wider development of 246 apartments and 26 townhouses. Most of the apartments will have parking spaces and private balconies, with the blocks both benefitting from communal rooftop terraces for customers to use.  The apartments will be professionally managed by Citra Living, offering customers a good value, high-quality rental experience, and will be available to rent from Autumn 2022.

The deal marks the second GRE development in which Citra has invested, following the purchase of a residential building at Nene Wharf, Peterborough, announced in July 2021.