LRG launches new Build to Rent task force
Three Sixty Space brings together extensive expertise from across LRG, including land acquisition and disposition, planning, sustainability, new home development, rental agency, property management and management of blocks. As such, it provides a consistent service to support the growing number of investors, developers and property managers who are making BTR the fastest growing property asset class in the UK.
Figures from the British Property Federation show exceptional growth for this sector: 14% per year from 2021 to 2022, and no less than 4% for the last quarter published. Further analysis also shows that in 2021 BTR accounted for 6% of all housing construction and investment exceeded £4bn.
Over the past ten years, BTR has evolved from providing downtown apartment buildings for young professionals to large suburban BTR communities with shared services and facilities, proving popular with all age groups. Who lives in Build-to-Rent? The report (2021) shows that in 2021, 70% of investments were absorbed by programs outside of London.
Leaders Romans Group, with its base in Wokingham and its network of 225 offices across the country, is ideally positioned to meet this exponential demand. Thus, BTR peri-urban municipalities will be the subject of a white paper by Three Sixty Space, to be published shortly.
Andrew Jones, (pictured) Group Director, Corporate Lettings & Build to Rent at LRG, comments: “Recent research with global institutional investors revealed that 70% plan to be active within BTR suburban communities over the next five years: a substantial increase from the 42% currently active.
“The potential for the area is nearly limitless as mature millennials in counter-urbanization seek family homes in serviced communities and benefit from the ability to transition from one home to another inexpensively as their families mature. enlarges. This innovative, service-based product will compare favorably with most inventory currently available for rental, and its popularity will allow BTR suburban communities to attract additional investment and grow at pace.
“But continued expansion will require maintaining the values of traditional BTR. LRG’s specialist BTR task force was built on the foundation of consistency. specialist rentals, strategic advice and data analysis, provides services to PRS investors, builders and operators throughout the process.
“From land acquisition and local plan allocations to understanding local markets and providing services to repair a leaky tap, LRG covers a wide range of expertise, allowing us to provide that much-needed consistency. .”