Retirement home provider PegasusLife is expanding its strategy to include rental.
Chief executive Howard Phillips said the developer, which aspires to raise the bar in retirement living with John Lewis/Waitrose style homes, is looking at building to rent.
The move would be a departure from Pegasus’s previous strategy of selling off-plan.
The first site to trial the idea would be Steepleton, 113 Cotswold farmstead apartments due to be completed in August 2017 in Tetbury, Gloucestershire.
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Phillips said: “We are just about to trial at Tetbury a rental offering pepperpotted across the site which we will probably also have at our Portishead site, which is starting soon.
“If successful we have another site we might deliver as a build to rent scheme. Build to rent as a proposition is something we are actively looking at.”
Another site in Sutton Coldfield capable of providing between 200 to 250 apartments could also be offered as a combination of for sale and rent.
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