Global real estate company Greystar Real Estate Partners has bought a 391-home development in Surrey in a forward funding deal with Dandara Living.
Dandara Living will act as developer and contractor for the site, which is in an attractive location with strong transport links to London. Construction on the site is due to start later this year, with completion expected in the second half of 2026.
Occupying a prime location adjacent to Staines-Upon-Thames town centre, just five minutes’ walk from the train station, Renshaw’s Yard also benefits from an array of on-site amenities that support a thriving community lifestyle including a lounge, private dining room, co-working space, gym, and private courtyard gardens.
”Greystar recognises the significant opportunities and growth potential of the UK’s BTR sector and the location, amenity offering and broad demographic appeal of Renshaw’s Yard, responds to both local market demand and the needs of today’s renter,” said Jim Davies – CEO Dandara Living.
Jim Davies added: “Securing this deal with Greystar represents a significant milestone for Dandara Living and recognition of our position as a key player in the UK’s BTR sector. It’s taken a huge team effort to bring this deal to the table and get it over the line, and I’d like to thank everyone involved for their contribution.”
Harry Downes, Managing Director – UK Investment, Greystar, said: “The acquisition of Renshaw’s Yard will provide much-needed rental housing in Surrey, a region constrained by limited supply but fast-growing demand for a high-quality rental product. Part of the M3 local enterprise corridor, and adjacent to the M4 tech corridor housing several global creative and technology companies, Staines provides excellent proximity to employment hubs and is increasingly attracting new talent to the region. This has led to significant residential-led regeneration in the areas, with approximately 1,750 apartments currently in the pipeline to house existing and new residents drawn to Staines well-connected location paired with enviable riverside living.”
Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!
