The UK Build To Rent sector recorded a total of £2.1 billion of investment in the final three months of 2021 alone according to property consultancy CBRE.
This took the full year 2021 total to a record high of £4.1 billion.
Investment levels were up 14 per cent on 2020, the previous record year, which CBRE claims shows the resilience of the sector in light of the continued challenges posed by the Covid-19 pandemic.
In 2021 BTR investment activity was evenly split between London and the regions.
Notable deals that completed towards the end of last year, identified by CBRE, show the vast sums of money in the sector now.
These included US Build To Rent giant Greystar’s acquisition of a minority stake in UK rental firm Fizzy Living, £100m forward-funding of a large scheme in reading, plus L&G’s £500m investment into schemes in London, Glasgow and Southampton.
Jason Hardman – CBRE’s executive director of residential valuation and advisory services – says: “The BTR investment market had a stellar performance in Q4 with more than £2 billion of capital committed.
“This underlines the growing maturity of the UK BTR market and reflects the phenomenal bounce back we have seen in the occupational market over the second half of the year.
“2021 represents an undeniable record for the sector and with almost £2 billion of assets under offer, we expect this momentum to continue into 2022 as the sector continues to go from strength to strength.”