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The global build-to-rent round up - 7 July 2021

The global buildtorent round up 07 July 2021

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

New Zealand & Australia

  • Auckland: Resident Properties has completed its first build-to-rent development, The Ed on Mount Eden’s Edwin Street and began renting units this week. The property offers one- to three-bedroom apartments with car parking and storage options, shared co-working space, onsite maintenance and technology enabled security. The property, purpose-built as build-to-rent has been designed and finished to offer comfortable living environments in a prime city fringe location. It also incorporates a Quest hotel. Check out the development here.
  • Australia: Macquarie Asset Management has raised $1.1B of equity from institutional investors for a new real estate investment fund that will focus on ‘sheds and beds’ or the residential and logistics sectors. The fund has a mandate to invest in opportunistic real estate across the Asia Pacific region, including in build-to-rent development. Full article here.
  • Melbourne: Build-to-rent developer Home has had approval for two build-to-rent towers next to Marvel Stadium in Melbourne’s Docklands. The $400M project includes 676 apartments and shared amenities across a podium level. Construction is expected to start by the end of the year. Full article here.
  • Brisbane: The Queensland branch of Australia’s biggest trade union, CFMEU, have announced plans for a 30-storey build-to-rent project in Brisbane CBD fringe. The 29,000 sqm development would offer 377 apartments with ground floor retail and resident amenities. Full article here.
  • Sydney: Asian co-living operator Dash Living has announced it has taken over Hmlet St Peters in Sydney’s CBD. The 82-room property will be renamed Dash Living St Peters and is the first Dash Living property in Australia. The company plans to continue growth in the Australia, adding to existing properties in Hong Kong, Singapore and Tokyo. Full article here.

Europe

  • UK: Retailer John Lewis has announced plans to build 10,000 new homes on land it owns across the UK with 7,000 to be held as build-to-rent units. The homes will range from studios to four-bedroom homes with concierge services and the ability to furnish the homes using John Lewis products. Full article here.
  • London: British Land is continuing with its first build-to-rent led scheme on the city fringe after it was put on hold for three years. The mixed-use development will be made up of 304 apartments and a 160-room hotel. The development is also set to be a net carbon zero development. Full article here.
  • London: Co-living operator The Collective is carrying out a review of its business which may lead to a full or partial sale of its business due to impacts from the pandemic on its business model. The company has properties in London and New York with some amenities offered to residents restricted under pandemic prevention measures which has curbed growth in the sector. Full article here.
  • Sweden: Swedish co-living operator Colive has launched a management platform for co-living operators which uses psychology for ‘tenant-matching technology’. The system Coly has an app for prospective tenants and uses a questionnaire based on personality traits to give operators a better chance of creating a vibrant community by matching personality types. Full article here.
  • Edinburgh: Moda’s new Edinburgh build-to-rent development has attained a Fitwel 3 Star Rating, making it the first residential development in Europe to receive the certification. Fitwel is a certification system that focusses on building occupant’s wellbeing through the implementation of health-aware design and operational strategies. Full article here.

Asia

  • Japan: CapitaLand’s business unit Ascott has opened their first lyf branded co-living property in Japan’s Fukuoka City. The 131-unit lyf Tenjin Fukuoka is the first of six new lyf properties set to open in Singapore, Hangzhou, Shanghai and Xi’an. 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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