Life assurer Aviva PLC (AV.LN) is in talks with a London housebuilder to build U.S.-style mass-produced rental homes for a new fund, the Financial Times newspaper in London reported Saturday, without citing sources.

The newspaper said Aviva has approached a number of leading builders in south-east England with offers to fund and build privately rented accommodation.

It has identified a large site owned by Telford Homes PLC (TEF.LN) to the east of London as the first in its plans to create a GBP1 billion portfolio of new-build residential rental properties for the first fund of its kind in the U.K., the Financial Times said.

Newspaper Web site: http://www.ft.com

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9298
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