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The global build-to-rent round up - 11 November 2021

The global buildtorent round up 11 November 2021

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

Australia & New Zealand

  • New Zealand: Developer NZ Living and KiwiSaver provider Simplicity formed a new business, Simplicity Living with the aim of developing 10,000 build-to-rent homes in Auckland, Tauranga, and Wellington over the next decade. The estimated completion value of the scheme is to be around $5B with developments in Auckland’s Point England and Onehunga to begin soon. In Auckland development will be targeted around good public transport links and all homes are to be one- and two-bedroom terraces or apartments to cater to the highest demand cohort. Simplicity Living is targeting a 3% return, based on affordable rental rates. Full article here.
  • Australia: Stockland, the country’s largest listed residential developer, is planning to reshape its portfolio over the next five years by dramatically increasing its exposure to apartments. The group plans to offload over $2B in shopping centre and retirement assets to allow more space in its development pipeline for apartment projects, some of which may be retained as build-to-rent investments. Full article here.
  • Australia: Samma Property Group is preparing to break ground on four build-to-rent developments in Melbourne after a successful $750M capital-raising. The developments are to be specially designed for millennial renters offering high-end affordable apartments with 7-star NatHers ratings and 5-star green star certification. Full article here.

Europe

  • UK: Global architect firm Chapman Taylor have developed a high quality modular residential format for the UK market with CIMC, a leading off-site manufacturer. The modular system would allow for quick and flexible delivery of one-, two- and three-bedroom apartments in medium to high-rise developments, ideally suited for build-to-rent schemes. Full article here.
  • UK: Moda has partnered with Los Angeles-based Ares Management to deliver around 5,000 single-family build-to-rent homes across the UK. These are freestanding suburban homes ranging in sizes from one- to four-bedrooms. Sites for the first 1,000 homes have been secured and the development value of the scheme will likely be more than £1B by 2025. Full article here.
  • UK: Leaf Living, a specialist provider of professionally managed new-build rental housing has launched in the UK. The entrance of the joint venture by Blackstone and Regis Group into the market provides a new build-to-rent platform across the country. Their initial goal is to invest £1B into market-rate, single-family houses to help meet demand for high-quality family housing options. Full article here.
  • UK: Cordia Blackswan, in partnership with Rainer Developments Limited has acquired a 7,650 sqm site in Digbeth, Birmingham for build-to-rent development. The consented development will include 366 apartments in two blocks, five and eight storeys. The units, a mix of one-, two-, and three-bedrooms sizes will be complemented with shared outdoor living spaces and a concierge service. Full article here.
  • Ireland: US co-living operator Common, is looking to enter the Irish market after its expansion into Britain. The company is looking to operate both traditional build-to-rent apartments and co-living apartments. The growth in the technology industry in Dublin is a driving factor to expand into the area. Full article here.

North America

  • US: With a rise in multifamily (build-to-rent) rents, occupancy rates and supply in the US in 2021 local experts are pointing to new market trends. These include a focus on health and wellness of residents looking for recreational amenities such as pools, fitness centres and yoga studios as well as sustainable elements in the design and construction of the buildings. Further amenity demands include rooftops and terraces, augmenting the private internal apartment spaces. Full article here.
For more information or advice on build-to-rent or specialised residential projects, get in touch with Alan McMahon, National Director of Strategic Advisory at Colliers.

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.

 

 

 

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