Housebuilder Barratt has agreed a deal with the housing arm of Lloyds Bank to sell 604 homes for rent for £168m.

The deal with Citra Living, a wholly owned subsidiary of Lloyds, is part of a 2021 strategic partnership Barratt formed with Lloyds, under which it said the pair would work to deliver 1,000 homes per year for the rental market. It has previously agreed the sale of some 502 homes on individual sites to Citra.

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