The UK’s new towns will favour build-to-rent developers rather than private landlords, according to a think tank which labels them “profit-seeking institutional investors”.
Build-to-rent developer Grainger has seen impressive growth thanks to a supportive government and the battering of smaller private landlords.
Tenants are living in build-to-rent developments for less time than their counterparts in the traditional PRS – suggesting that they are not the panacea for the housing crisis that is often claimed.
Private equity firms and pension funds have been upping the ante with their investments in the UK rental market
The formation of a new ‘powerhouse’ organisation to represent the commercial property sector including build-to-rent and co-living is under way, it has been announced.
Nest - the public body that runs workplace pension schemes - is investing £350 million in build-to-rent (BTR), meaning that some landlords’ pensions are effectively funding competitors.
Build-to-rent developer Quintain Living has had its knuckles rapped for wrongly suggesting tenants could make big energy bill savings, get free WiFi and work from home areas.
John Lewis has finally received the green light to begin its transformation into a build-to-rent landlord after Bromley Council approved its plans for 353 rental homes.
