Hill’s expansion into the BTR sector will start with a first-phase 264 apartments scheme in Stevenage town centre which will eventually contain 576 homes.

The buildings are scheduled for delivery in 2026.

Andy Hill, founder and Group Chief Executive of The Hill Group, said: “We are pleased to confirm the completion of our first Build to Rent deal demonstrating our commitment to this expanding market.

“Combining our experience in delivering thriving places to live with the strong track record that Lloyds Living has as a funder and operator in the rental sector, we are delighted to move ahead with this exciting development in Stevenage.

“These high-quality apartments are in a prime location with excellent amenities for residents, making the development an attractive option for the growing number of professionals seeking rental homes in the area.”

Andy Hutchinson, CEO of Lloyds Living, said: “Build to Rent is a growing sector and an important part of meeting the country’s housing needs.  By investing in schemes like this with Hill, we are increasing the supply of quality homes for rent in areas where they are needed with the facilities people want.”