Redrow has agreed to deliver more than 500 homes in London as part of two new private build-to-rent deals with property group Realstar.

One contract, worth £120m, will see Realstar buy 347 homes at Redrow’s Colindale Gardens scheme in north London, where as part of a £1.2bn scheme it is building nearly 3,000 homes over the next 10 years on the site of the old Metropolitan Police training centre.