A joint venture has sold a London build-to-rent scheme for £126M as the rented residential investment sector continues its hot streak. 
Specialist BTR investor and developer Ridgeback bought the 257-home Equipment Works project in Walthamstow, north-east London, from Greystar and Henderson Park, Green Street News reported. The building was completed in 2021 and is 98% leased. 
Greystar and Henderson Park acquired the scheme from Telford Homes in a forward-funding deal for £106M in 2019, its third BTR development joint venture. 
In March last year, the duo appointed Savills to sell Equipment Works and the 546-unit Ten Degrees apartment scheme for a combined £325M. The duo…