Australia & New Zealand
- New Zealand: Interest in a co-housing scheme in Tākaka in the Tasman District has been strong with 20 of the 34 units already sold and the remaining 14 reserved. The community is scheduled for completion in 2024 with a diverse group of owners set to move in. Full article here.
- Australia: An increase of international investors entering the build-to-rent market across Australia is creating a positive environment for the growth of the asset class in the country. Investa Property Group, with Canadian Oxford Properties has plans for $5B in apartments, while US-based Greystar also has a large pipeline in major gateway cities. Full article here.
- Australia: Student accommodation developer Wee Hur Holdings is pushing ahead with a $400M transit orientated development in Branda, Brisbane. The development, stage 2 of its master-planned Park Central, will include a 290-unit residential apartment tower, a 758-bed student accommodation tower and 130 aged-care units in a seven-storey block near to a hospital, all with shared amenities. Full article here.
- England: Gatehouse Bank has launched a £500M joint venture with TPG Real Estate Partners to enable the development of 2,500 purpose-built suburban rental homes in North England and the Midlands. The bank has an existing portfolio of rental properties and is looking to become the largest provider of family rental in the country. Full article here.
- England: A new £40M build-to-rent development with a focus on well-being has opened in Leeds and has a 24/7 health club, with gym and wellness studio. The 242-unit development has just over 500 sqm of shared spaces also including resident lounges, co-working space, and a games room. Full article here.
- England: Telford Homes has purchased a development site in North Acton, London from Essential Living. The build-to-rent scheme has already received planning approval and construction on the 374-unit development will begin immediately. Full article here.
- Scotland: A build-to-rent development is planned by Watkin Jones Group in Glasgow. The site will offer 685 homes when complete, with 279 BTR units and 406 co-living studio spaces. The development will offer shared workspaces, a gym and rooftop bar for residents. Full article here.
- USA: Co-living operator Eddy has opened a new location in East Hollywood, expanding on another existing site next door. Eddy East Hollywood offers all-inclusive leases at a lower rate than standard apartments and rooms come fully furnished. Full article here.
- Canada: EMBLEM Development’s, launched in 2018, has a pipeline of 4,500 rental units in Ontario, Canada and is working towards a pipeline of 10,000 units. The company currently has around $1B in liquid capital from investments by high-net-worth local families, its own capital and Tier 1 lending. Full article here.
- Canada: Prefabricated construction is planned to be used to deliver a build-to-rent development in downtown Vancouver. The nine-storey, mass timber building will have 61 units arranged around a central courtyard allowing light and ventilation in all units. Full article here.
- China: Shanghai is to build 220,000 rental homes (BTR) over the next five years to meet demand and attempt to reduce the increasing house prices in the city. The city has already built 150,000 in the previous five years to attempt to lower the cost of living for ordinary people. Full article here.
- Working from home is changing the way rental communities are developed: With many companies and employees embracing flexible working or working from home rental communities (BTR, multifamily, co-living) are being designed to provide better working environments within the community. This is through connectivity, amenities, well-being focussed design and materials used in construction.
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.