Leaders Romans Group assembles 'Build to Rent' taskforce

With the growing demand for 'Build to Rent' properties, one leading property consultancy has launched a taskforce to focus entirely on that market.

'Three Sixty Space' from Leaders Roman Group pools experts from across the firm into a taskforce which will operate from Wokingham. Specialists in land acquisition and disposal, planning, sustainability, new homes development, lettings agency, property management and block management have been reassigned to Three Sixty Space in order to focus on the BTR market.

Three Sixty will support investors, developers and property managers interested in a sector which is expanding at a rate of 14 per cent per annum.

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British Property Federation figures show that the sector grew 4 per cent in the last reported quarter and accounted for 6% of housebuilding while investment was in excess of £4billion.

BTR properties are no longer the preserve of young professionals in central London, as such, Leaders Roman group are casting their eye on the wider utilisation of BTR. As such BTR suburban communities will be the focus of a White Paper by Three Sixty Space, which will be published shortly.

The taskforce will be led by Andrew Jones, Group Director, Corporate Lettings and Build to Rent.

Andrew Jones told TBM: "‘Recent research among global institutional investors has found that 70% anticipated being active within BTR suburban communities in the next five years: a substantial increase from the 42% currently active.

"The sector’s potential is almost unlimited, as counter-urbanising maturing Millennials seek family homes in serviced communities and benefit from the opportunity to move from one home to another at little cost as their family grows.

"This innovative, service-based product will compare favourably with most of the stock currently available for rent, and its popularity will enable BTR suburban communities to attract additional investment and grow at pace.

‘But unabated expansion will require the values of traditional BTR to be maintained. LRG’s specialist BTR taskforce was constructed on the basis of consistency. The service, which spans land and planning, specialist management and lettings, strategic advice and data analysis, provides services to investors, housebuilders and PRS operators throughout the process."

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