A new Build To Rent brand - Kooky - has acquired 208 units in High Wycombe from a developer, Inland Homes.
The first 85 were in the Buckingham House development, bought for £21.3m; the remaining 123 were bought for £31.5m at the town’s Centre Square.
“Taking up the opportunity to work with Inland Homes proved to be a fluid acquisition from agreeing the deal through to exchange. We are excited about our first Kooky rental building in High Wycombe and further deals to come with Inland Homes” says the BTR company’s head of acquisitions, Nicholas Belkin.
Inland says securing BTR opportunities has been a key objective of the company this year.
While still only accounting for a small part of the private rental marketplace – no more than three per cent currently - Build To Rent has been a fast-growing part of the sector since 2016.
The latest British Property Federation BTR map of the UK reveals there are now 167,853 BTR homes in the UK, of which 47,754 are complete, 34,132 under construction and 80,730 in planning.
Outside London there are 90,285 homes and inside London there are 77,568 properties.