UK Residential Investment, Q1 2014
Latest research from CBRE Residential reports a significant proportion of London-specific residential investors are now appraising built-to-rent opportunities in cities such as Manchester, Birmingham, Bristol and Leeds.
The lack of existing investment stock has resulted in a change of strategy for investors, who are now looking to broaden their investment horizons to build-to-rent opportunities, forward purchasing stock direct from housebuilders and regional investment stock.
Recent major deals include Delancey and APG’s acquisition of the Tribeca Square project in Elephant Castle, the £1.25bn ‘South Village’ district which will comprise 373 PRS units. Notting Hill Housing has also recently signed a deal with developer Sellar Design & Development, looking to create a 1.5m sq ft residential led scheme in Southwark, comprising 1,030 homes, 346 of which will be PRS units.