Home rental brand to bring 200 new homes to Yorkshire in £1bn housing project

Home rental brand Casa by Moda will deliver an initial 5,000 new family homes for rent in target suburban markets by 2025, which will have a combined value of £1bn.

200 Casa homes are already planned in the Yorkshire region, with the first set to start on site in Dean Beck, Bradford, next April and the first residents to move in before the end of 2022.

Unlike traditional rental, residents won’t need to pay deposits. With a technology-first approach, all residents will have access to an app that enables them to contact the virtual concierge and access on demand services from logging maintenance issues to booking a dog walker.

Casa by Moda will also provide true security of tenure on long-term renewable leases for up to three years.

Technology will also enable Casa homes to give a strong environmental performance, through its partnership with Utopi. All new homes will be fitted with environment sensors that will monitor the performance of the buildings, measuring everything from room temperature to air quality and light pollution.

Moda’s parent company, Yorkshire based Caddick Group, is responsible for the construction and delivery of the homes, as well as co-investing alongside leading global institutional capital.

Rob Gill, head of acquisitions at Casa, said: “Casa by Moda has been years in the making, and we are thrilled to be able to share this terrific new venture with the public. Work is already underway at a number of sites so we can start delivering new homes as soon as next year.

“Our Casa locations are well connected, close to good schools, leisure and retail, as well as being just 40 minutes from key cities across the UK. Because we’re backed by a leading investor we are able to quickly progress new site opportunities with the aim of growing the Casa brand cross the UK.”

Lydia Eustace, marketing director and head of wellbeing at Casa, said: “Casa by Moda will raise the bar for rental in the region, creating beautiful new family homes for rent. Our aim is to address the shortage of high-quality homes and improve the experience of residents let down by the current market.

“Changing the way people live for the better, all our residents will be offered on demand mental health services, access to wellbeing workshops and the opportunity to regularly connect with their neighbours.”