Deal to start Watkin Jones’ largest build to rent job
Deal to start Watkin Jones’ largest build to rent job
£136m forward finance deal for 551 homes at Sherlock Street in Birmingham.
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£136m forward finance deal for 551 homes at Sherlock Street in Birmingham.
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The developer and builder of homes for rent said sale prices and margins were softening and not offsetting ongoing build cost inflation. In a trading update to the City the listed builder said: “While in H1-2022 build cost inflation was mitigated by increasing asset values, the Group has seen some pricing and margin softness on sales concluded in the second half, with purchasers facing increased funding costs. “Two forward sales that were planned to close in September have been impacted by...
The developer and builder of homes for rent said sale prices and margins were softening and not offsetting ongoing build cost inflation. In a trading update to the City the listed builder said: “While in H1-2022 build cost inflation was mitigated by increasing asset values, the Group has seen some pricing and margin softness on sales concluded in the second half, with purchasers facing increased funding costs. “Two forward sales that were planned to close in September have been impacted by...
The Everstead at Windrose marks the second build-to-rent project for Landmark Properties since the company established the division in 2021. The company previously was known for student housing but also expanded into apartments with an acquisition.
The Everstead at Windrose marks the second build-to-rent project for Landmark Properties since the company established the division in 2021. The company previously was known for student housing but also expanded into apartments with an acquisition.
The decision ends nearly a decade of planning and delays after the developer received planning in 2016 but then went back to the drawing board arguing the affordable housing requirements made the scheme uneconomic. Now Essential Living is back after losing its fight at the start of the year to revise the 100 Avenue Road scheme. It now plans to start the originally approved building despite construction costs rising to above £100m. Wates was originally lined up to deliver the project, designed...
The decision ends nearly a decade of planning and delays after the developer received planning in 2016 but then went back to the drawing board arguing the affordable housing requirements made the scheme uneconomic. Now Essential Living is back after losing its fight at the start of the year to revise the 100 Avenue Road scheme. It now plans to start the originally approved building despite construction costs rising to above £100m. Wates was originally lined up to deliver the project, designed...
An executive of a Scottsdale-based build-to-rent developer has left the company to start his own firm. Here's what he's up to.
An executive of a Scottsdale-based build-to-rent developer has left the company to start his own firm. Here's what he's up to.
The development will consist of a mix of studio 1, 2 and 3 bed units and includes facilities such as a concierge, lobby, gym, gardens and terraces, as well as 19,500 sq. ft of leisure and retail space. Building works will start this winter at Central Quay, which is Legal & General’s third transaction in the last 18 months with residential rental specialist Watkin Jones. Since the start of 2021, Legal & General has committed £900m to seven new BTR projects across the UK, completing on two ...
The development will consist of a mix of studio 1, 2 and 3 bed units and includes facilities such as a concierge, lobby, gym, gardens and terraces, as well as 19,500 sq. ft of leisure and retail space. Building works will start this winter at Central Quay, which is Legal & General’s third transaction in the last 18 months with residential rental specialist Watkin Jones. Since the start of 2021, Legal & General has committed £900m to seven new BTR projects across the UK, completing on two ...
The project would deliver 462 build to rent homes, public realm, ground-floor commercial space and onsite amenities. Designed by architect Metropolitan Workshop, the proposal for 2 Snowhill Plaza would replace a vacant commercial property acquired by the duo last year. The tower would be a fresh addition to the emerging cluster of taller developments in Birmingham City Centre. Brad Burridge, Senior Development Manager, HUB, said: “We are really pleased to have submitted plans for our second...
The project would deliver 462 build to rent homes, public realm, ground-floor commercial space and onsite amenities. Designed by architect Metropolitan Workshop, the proposal for 2 Snowhill Plaza would replace a vacant commercial property acquired by the duo last year. The tower would be a fresh addition to the emerging cluster of taller developments in Birmingham City Centre. Brad Burridge, Senior Development Manager, HUB, said: “We are really pleased to have submitted plans for our second...
Unite Students has acquired 180 Stratford, a 178-unit purpose-built build-to-rent complex for £71m and now plans a major refurbishment of the high-rise scheme. The acquisition and refurbishment will be funded from the proceeds of recent student block disposals. The property is expected to produce a yield on cost of 4.3% following the planned refurbishment starting next year. The refurbishment will incorporate a rolling upgrade of the existing residential units, the creation of new amenity spa...
Unite Students has acquired 180 Stratford, a 178-unit purpose-built build-to-rent complex for £71m and now plans a major refurbishment of the high-rise scheme. The acquisition and refurbishment will be funded from the proceeds of recent student block disposals. The property is expected to produce a yield on cost of 4.3% following the planned refurbishment starting next year. The refurbishment will incorporate a rolling upgrade of the existing residential units, the creation of new amenity spa...