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The global build-to-rent round up - 16 December 2021

NZAucklandCBDStrategicAdvisoryThe global buildtorent round up 16 December 2021

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

Australia & New Zealand

  • Australia: Developer Gurner and capital investment partner Qualitas have closed off a capital raising with almost $1.2B for their joint build-to-rent platform. The capital will fast-track the construction of 1,700 apartments and fund the acquisition of further build-to-rent assets in Sydney, Melbourne and Brisbane. Full article here.
  • Australia: Gurner has also submitted plans for a 62-storey tower in Sydney’s Paramatta. The $450M development will offer 328 build-to-rent apartments, 235 being two-bedrooms in size with 3,900 sqm of office space on the lower levels. Full article here.
  • Australia: Canberra will have a new affordable build-to-rent scheme developed in Molonglo Valley purpose built for Canberran renters by Capital Estate Developments and Jega. The development will offer 700 units across two sites with rents for many units to be set at 20% below the market rate, meeting the ACT Government’s affordability threshold. With sustainability in mind the development will also incorporate solar panels, EV charging stations, delivery drone landing zones, grey water management and community gardens. Full article here.
  • Australia: Build-to-rent and co-working will combine in a social and cultural experience in south-east Melbourne’s first build-to-rent development. The eight-storey Fieldworks House in Oakleigh South will have dedicated co-working space for residents, vegetable gardens and yoga space on an 1,800 sqm podium level above ground floor retail. The architect’s goal was to create a vertical community with 172 apartments and amenities with a link to mental wellbeing. Full article here.
  • Australia: A boarding house proposed for inner-Sydney’s Redfern is said to raise the standard for co-living housing with common space including a café and multiple landscaped areas, BBQ area and outdoor cinema. The development would offer 120 self-contained studios with rooms expected to be taken up by young professionals and students. Full article here.

Europe

  • UK: The growth of the build-to-rent sector in the UK operated by professional landlords is raising the bar on the standard of long-term rentals. In London especially tenants have rushed to landmark developments in places like Tottenham, Croydon, Wembley and Stratford and various amenities liken the living experience to more that of a hotel than simply a home. Full article here.
  • UK: London based co-living operator Gravity Co-Living is continuing to see rapid growth and interest in its co-living properties, filling its fourth property in the first three months of operation. Gravity’s portfolio is now at 100% occupancy with new applicants on a waitlist for future vacancies. Full article here.
  • Ireland: European real estate business Kajima has announced its entrance into the Irish build-to-rent market with a 270-unit scheme in Dublin. The development has been fast-tracked under Ireland’s Strategic Hosing Development planning route and will offer a mx of one- to three-bedroom apartments, 33% of which are to be designated for social and affordable rentals. Full article here.

North America

  • Canada: Oxford Properties are entering the Vancouver build-to-rent market with a joint-venture development with Intracorp Homes. The development will include 649 rental apartments of which 125 will be social housing. The apartments range from studio to three-bedrooms in size with some townhouses to accommodate a wide range of tenants. Full article here.
  • US: In 2022 renters in the US are said to be wanting clean, private spaces to support health, wellness and work. These include private outdoor living spaces, on-site gyms or fitness facilities, work-from-home spaces and pet friendly buildings as trends front of mind for tenants. The inclusion of the right amenities can help to reduce vacancy and allow premium rents to be charged. 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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