Build To Rent provider targets suburbs of smaller urban centres

Build To Rent provider targets suburbs of smaller urban centres


Todays other news
This is thanks to the Renters Rights Act...
A law firm has seen a programme of activity planned...
Landlords hoping for capital appreciation may be disappointed...
A buy to let lender has analysed its mortgage applications...


Build To Rent provider Wise Living is to deliver 90 new homes in two small schemes alongside an existing development of 75 units.

Advertisement

The schemes are in Mansfield and are set to complete in the autumn. 

Advertisement

Commenting on the growing number of sites in Mansfield, Wise Living’s land and partnerships director Mark Gratton says: “Regardless of the impact of the pandemic, we have continued to see high demand within the build-to-rent market during the last 18 months. 

Advertisement

“The East Midlands is a key region in our strategy, and we know renters in Mansfield want quality family homes with easy access to key amenities – you only have to look at the success of The Old Brewery in 2021 to see how high demand is.

“This announcement marks our growing portfolio in Mansfield and alongside our key partners, Strata Homes and Keon Homes, we have plans in place to continue to provide high-quality rental properties in areas of cities and towns where there is high demand, but a clear under supply to meet it.

Advertisement

 

“Our own research in 2021, showed that almost half of UK renters want to li ve in areas that have easier access to green space – so we know it’s locations like here in Mansfield where people want to live. 

Advertisement

“Working with like-minded housing developers is a core part of our model and we are delighted to be delivering these two much needed sites to Mansfield alongside Strata and Keon.”

The announcement continues a string of BTR developments that Wise Living has delivered to suburban areas of smaller cities and large towns during the last few years. 

This includes Wolverhampton, Coventry, Boston, Rotherham and Birkenhead.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Downward trend graph with coins and a business figure, representing economic decline.
Landlords hoping for capital appreciation may be disappointed...
Colorful sticky notes with house icons and rental terms on a wooden surface.
Smiling tenants signing lease with landlord in modern property.
Group of diverse young adults discussing rental property in a meeting.
Tens of thousands of landlords are thought to be trying...
The figures come from lenders' trade body, UK Finance...
Tenants are increasingly discerning, claims the agent...
A prominent agent says he’s expecting a “significant shift” in...
Recommended for you
Latest Features
Louisa Sedgwick is Managing Director of Mortgages at Paragon Bank...
Rent challenges may encourage annual reviews and put pressure on...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.