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M&G/Durkan agree £71.4m PRS deal

M&G Real Estate and Durkan, a developer and constructor of housing projects across London and the Home Counties, have signed a £71.4m deal to finance and build 206 new private rental homes on Chapel Road, Ilford.
By James Buckley
March 23, 2017 | 1:49 P.M.

The deal was made on behalf of M&G Real Estate’s UK residential property strategy launched in mid-2013 for UK and international investors, managed by Alex Greaves. Durkan will be developer and contractor for the scheme, which is anticipated to be ready for occupation by April 2020, shortly after Crossrail has opened.

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