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The global build-to-rent round up - 2 September 2021

The global buildtorent round up 02 September 2021

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

Australia & New Zealand

  • Australia and New Zealand: Chicago based technology company Livly has partnered with Australian build-to-rent developer Franklin St to bring its digital platform to Franklin St’s existing portfolio and then the wider Australian and New Zealand market. Livly serves as a digital remote control for apartment living, connecting residents, guest and staff and provides data analytics for operators. Full article here.
  • Australia: Qualitas has estimated that there are more than 50 build-to-rent developments in the pipeline for Australia and by the end of 2024 there will be 18,500 purpose-build build-to-rent apartments in the Australian market. Full article here.
  • Brisbane: Mirvac has begun construction on a $270M dual-tower residential development in Brisbane in partnership with the Queensland Government. The development, LIV Anura, will have 538 apartments, 395 of which will be build-to-rent units. Full article here.
  • Melbourne: International real estate company Hines will build its first build-to-rent development in Brunswick on a former industrial site. The company has global experience in the sector with platforms in the U.S. and Europe well established. The development will have 250 apartments when complete. Full article here.

Europe

  • England: Data from London’s largest co-living operators has shown that lifting of lockdown restrictions has had a positive impact on the private rented sector, especially on co-living properties. Lettings increased 36% in the period of May-July this year and in August pricing in the co-living market returned to pre-pandemic levels. Full article here.
  • England: Watkin Jones has received planning permission for a mixed-use development in Bath which includes two build-to-rent buildings and purpose-built student accommodation totalling more than 600 units. 316 units will be build-to-rent units, including 95 classed as affordable and offering significantly reduced rents. Full article here.
  • Scotland: Build-to-rent operator Moda has launched is latest project in Edinburgh, The McEwan, which will open its doors at the end of the year. The development offers 476 units in a mix of studio to three-bedroom fully furnished apartments. Full article here.
  • Ireland: A developer in Dublin has applied to convert a hotel development currently under construction to a build-to-rent development. The development would offer 227 units, 158 of which would be one-bedroom apartments if approved. Full article here.
  • Netherlands: Rotterdam based app-developer Builders, has released a new proptech operating system for co-living communities called Obeyo.com. Obeyo is helping co-living operators to add a social layer to their properties and grow communities within their properties. Full article here.

North America

  • USA: A survey by RentCafe in the U.S. has shown that tenants are looking for more space in their rental apartments as many are working from home on a longer-term basis, due to the impact of the pandemic. 60% of tenants in studio spaces were keen to upsize along with 40% of tenants in one-bedroom units. 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.

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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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