Skip to main content Skip to footer

The global build-to-rent round up - 4 May 2021

The global buildtorent round up 04 May 2021

A curation of news highlights from around the globe covering build-to-rent and specialised residential assets.

New Zealand & Australia

  • New Zealand: The government has specifically cited build-to-rent as a housing investment type that they are keen for New Zealanders to pursue after announcing housing policy measures to restrict investment in residential property recently. The opportunity for ‘mum and dad investors’ would be to invest in a different way into housing and into a professionalised rental market. Full article here.
  • Sydney: The first purpose-built, build-to-rent apartment tower in the CBD has been approved to begin construction. Oxford Properties will build the 39-storey tower above the new Pitt Street Metro station. The building will have 234 apartments and is expected to be completed in 2024. Full article here.
  • Sydney: Gazcorp is looking to add a build-to-rent component to its Emerald City development in inner Sydney. The $133M proposal would create 258 apartments, with office and retail space in a mixed-use development including common amenity for residents with a lap pool, spa and deck with outdoor dining rooms. By adding build-to-rent the development would qualify for a land tax discount from the NSW Government. Full article here.
  • Melbourne: Assemble has launched a ‘rent-to-buy’ offering in Brunswick to try tackle affordability issues in the city. It is the third ‘rent-with-the-option-to-buy’ development after securing financial backing from AustralianSuper last year. The concept takes the volatility out of the market by securing the lease-term and sale price. Full article here.

Europe

  • UK: Greystar’s newest build-to-rent development, Ten Degrees in Croydon, London is the world tallest modular building. The 546-unit development across two towers reaches a height of 139 metres and was completed in half the time of a traditional development. The building was constructed with pods assembled off-site and stacked on top of each other on-site. Full article here.
  • UK: Fizzy Living is the first build-to-rent operator to offer short-term leases in London. The company has identified the need to adapt to the changing requirements of its tenants and is reducing its initial rental term from six, to three months. Full article here.
  • France: A new mixed-use vertical neighbourhood in the Greater Paris area incorporates areas for tech, media and creative businesses with co-living and student accommodation. The scheme will accommodate a community of 7,500 people and is planned for completion in 2025. Full article here.

Asia

  • Hong Kong & Singapore: Dash Living is expanding into Asia through a partnership with Ascott and the purchase of Singapore-based co-living operator EasyCity. Residents will be able to choose between six luxury Ascott properties on a longer-term period than traditionally provided for through Ascott. Dash Living will also facilitate more of a community in their properties as typically seen in co-living properties. Full article here.

Thought Leadership

  • “More voices needed in Build-To-Rent”: The build-to-rent sector is more widely known for offering modern living spaces to young professionals but can offer something to everybody. After 10 years of growth in the UK sector a diversity of voices is required to ensure that the products being developed appeal to the widest range of tenants as possible. Read more here.

Related Experts

Alan McMahon

National Director | Strategic Advisory

Auckland

Alan has overall responsibility for Strategic Advisory for Colliers International in New Zealand. 

He advises a wide range of public and private sector organizations. Clients include Auckland Council,, Massey University, Kiwi Property, Ngai Tahu Property, Ngati Whatua Orakei, Ngati Whatua o Kaipara, NZ Super, and various departments of the New Zealand government including Police, MBIE, Ministry of Justice, and Kainga Ora.

 

 

 

View expert