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Firms merge to handle management of Build To Rent schemes

A British Build To Rent management company has merged with a long-standing US firm in the same field to create a new entity offering to manage new UK BTR schemes.

North American BTR specialist owner-operator Atlas Residential and the UK firm Wildheart Residential Management have created a service which they say will provide "full service property management solutions and consultancy to the growing number of domestic and overseas institutional investors currently aggregating their own rental apartment communities and portfolios throughout the UK, but who lack in house operational expertise."

Atlas already has a UK Build To Rent construction pipeline of over 600 units in Southampton and Birmingham. Wildheart currently manages 3,000 apartments in the UK and has experience in block management and facilities maintenance.

The latest figures suggest 60,139 Build To Rent units built or in the pipeline across the UK; some 30,844 of these in London - where Build To Rent currently accounts for one in five new housing starts - and 29,295 elsewhere.

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