Some industry observers say letting agents and Build To Rent are daggers drawn, but one agency in the Midlands is having nothing of that - and it’s getting involved in its own BTR scheme.
The Telford branch of the franchise giant Belvoir has joined forces with two major house builders and is now seeking major investors who want to fund a scheme.
“This is a very exciting initiative which is the result of some key research of rental income and appropriate housing mix that Belvoir has conducted over the seven years that we have operated in the Telford area” explains Simon Bell, managing director of Belvoir Telford.
“We have identified several Build to Rent opportunities within key growth towns and cities in the Midlands. Our sales team is now working with two major house builders, who are looking to develop a selection of new build schemes, ranging in size from 500 to 1,500 housing units across key towns in the Midlands” he continues.
“One such site has been highlighted in Telford as extremely suitable … with the potential to deliver a phased development of 170 units. Belvoir Telford is now actively seeking entrepreneurial investors who are interested in purchasing the first tranche of 50 homes.”
The agency has prepared an investment prospectus which can be obtained from firstname.lastname@example.org.