Legal & General today announced that it has exchanged contracts on the West Tower in Manchester’s premier development, Deansgate Square, as it continues to scale up its Build To Rent (BTR) portfolio.
Harwood Capital, the fund run by JO Hambro founder Christopher Mills, is planning a £175m float of part of its property arm to capitalise on demand for rented homes.
Telford Homes plans to increase the number of rental homes it builds as demand from investors to enter the sector intensifies.
Plans have been submitted to build four build to rent blocks with more than 800 flats on the former Doncaster Monk Bridge ironworks site in Leeds.
A major deal has been has been on a key £65m development in Manchester city centre.
Plans have been put forward for a 300-home build to rent scheme on the edge of Leeds city centre.
London-based developer Neighbour is seeking approval for the development in the Saxon Gardens district, which includes one block rising to 8-10 storeys and another 12-14 storeys tall, Construction Enquirer reported.
Purpose-built block of rental homes, including affordable units and extensive facilities, are fast becoming a hot investment
European property investor Patrizia has agreed a deal to buy land next to Edgbaston Stadium for its planned £85m development.
It wants to develop 375 build-to-rent (BTR) homes on the four-acre site next to the cricket club.
Telford Homes wants rental housing to make up half of its total portfolio as demand among investors soars.
Rental homes currently constitute around 10pc of its building pipeline, or nearly 500 properties, with a total contract value of £230m.
Grosvenor Group plans to build 11 blocks on 12-acre site of former biscuit factory in Bermondsey, south-east London, aimed at lower and middle income workers
Institutional investment into the build-to-rent sector will balloon by 180pc in the next six years, according to new research by Knight Frank.
The latest scheme in a multi-million pound bid to revitalise the Piccadilly Basin area of Manchester has been submitted to city council planners.
Belgravia Living Group has tabled a proposal for a Eider House – a residential build-to-rent project, providing 127 homes, a mix of townhouses and apartments in two linked buildings eight and 10 storeys high – and a multi-storey car park.
Manchester-based property developer Glenbrook Property has agreed a £50m forward funding deal with real estate private equity specialist Moorfield for a new build to rent scheme at Erie Basin in Salford Quays.
There are 10,244 Build to Rent homes under construction in the UK regions, nearly double the number in London, suggests research.
Conducted by Savills and commissioned by the British Property Federation (BPF), the research notes that in Manchester and Salford at least 5,500 Build to Rent homes are under construction.
Telford Homes is on track to make record profits and revenue this year as it boosts its pipeline of build-to-rent properties.
The company, which builds homes in more affordable areas of the capital, said that it expected pre-tax profit to be "slightly ahead" of expectations.
Bristol council has given consent to a 255 unit city centre Build to Rent scheme to be constructed and managed by Legal & General.
The scheme, called ND7, is the first to receive planning permission in the city.
Construction work has started on-site for one of the UK’s largest build to rent projects in Manchester.
Moda Living and Apache Capital Partners have appointed Carillion to deliver the landmark Angel Gardens, a 36-storey tower in the heart of Manchester, within the NOMA neighbourhood.
The £154m development includes 520,000sq ft of space with 466 premium apartments and 22,000sq ft of commercial space.
Legal & General is set to acquire a Leeds city centre site with planning permission for a major built-to-rent scheme.
The Mustard Wharf site, part of Granary Wharf in central Leeds, is currently owned by CTP and U+I. The attached scheme has a development value of £55m.
Waltham Forest Council’s planning committee has awarded planning consent for the construction of a 440-home build-to-rent scheme in Walthamstow on the site of a former industrial estate located close to Blackhorse Road Station.
The British Property Federation is urging Chancellor Phillip Hammond to bring in tax measures to help the purpose-built Build To Rent sector assist the government in meeting its housing targets.
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