Berkeley returns to build-to-rent market amid London housing shortage

Housebuilder aims to create 4,000 private rental homes in UK capital and south-east over next decade

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The housebuilder Berkeley is to go back into the private rental market for the first time in a decade by launching a build-to-rent arm to tackle the severe shortage" of properties in and around London.

The company, which built 3,500 private-sale homes last year, will establish the build-to-rent business, which aims to create 4,000 homes in London and the south-east over the next decade.