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The global build-to-rent round up - 10 March 2021

The global buildtorent round up 10 March 2021

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

New Zealand & Australia

  • Brisbane: The 2032 Olympic Games athlete’s village could be modelled off the Gold Coast village that was completed for the Commonwealth Games. The athlete’s village, now Smith Collective’s Southport, has been transformed into a build-to-rent community, with the kitchen facilities added to the units and then rented. The village demonstrates how Olympic infrastructure can be repurposed after the games. Full article here.
  • Victoria: New legislations has been announced governing the development of apartments in the state. Developments with more than ten residential units must also provide communal space and all developments will have to provide more natural light. Changes aim to improve the standard of living in high-density areas. Full article here.
  • Brisbane: Frasers Property have revealed changes the Queensland’s first purpose-built build-to-rent tower in Brisbane. The tower will offer 323 apartments and large communal spaces. An in-house app will be developed for residents to book private spaces and communicate within the development. Full article here.

Europe

  • London: Quintain Living launched 671 build-to-rent units in 2020, growing its portfolio by 38%. The units were launched in the companies Canada Gardens development at Wembley Park. The development offers a range of apartment layouts, with the option to rent furnished units and have a ‘plug and play’ moving experience. Full article here.
  • Nottingham: GRAHAM have begun construction on a joint venture build-to-rent project by Network Rail and Bloc Group. The transit-oriented development is adjacent to a rail station and will provide 348 homes over 10 levels. Full article here.

North America

  • USA: Tricon Residential has sold an 80% stake in its build-to-rent portfolio to two institutional investors through a joint-venture, reflecting a portfolio value of US$1.33B. Full article here.
  • New York: CIM Group have completed construction on 111 Montgomery in Brooklyn. It is the first newly built, full-service luxury apartment building in Crown Heights. The 12-storey building has 163 units, from studio to three-bedroom layouts, a rooftop terrace, fitness centre and children’s playroom. Full article here.
  • Colorado: CMG Capital have begun construction on a 200-unit amenity filled build-to-rent development in a high growth airport corridor in Denver. The development will offer a clubhouse, resort styled pool area, fitness centre, coffee bar, co-working offices, and a full range of indoor and outdoor recreational spaces. Full article here.
  • Colorado: Co-living development, X Denver, is set to open soon with an offering of 813 beds in a mixed-use tower development. The bedrooms are rented within a two, three- or four-bedroom apartments with access to high end amenities, designed for young professionals. The building also offers 600 co-working spaces and private spaces bookable through the developments app. Full article here.

Asia

  • Hong Kong: Weave Living is diversifying from the co-living sector into the build-to-rent market. They have acquired a former serviced apartment building and are retro-fitting the building for a build-to-rent use. Full article here.

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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.

 

 

 

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William Silk

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