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TODAY'S OTHER NEWS

Another new Build To Rent brand is launched

A new Build To Rent developer brand, Core Living, has been launched by development and investment company Godwin Group.

Godwin is targeting 500 homes in phase one of the Core Living project starting this year with a target of at least another 2,000 homes in 2020.

Stuart Pratt, group development director at Godwin, says: “We will be working with local councils and housebuilders alike to provide much-needed rental accommodation to those looking for long-term housing to rent.

“This will not only include the usual BTR apartments in city centres, but also the construction of family housing rental units in wider city and rural areas to help ease the nation’s housing queues.”

He says the first Core Living branded units will be in Leicestershire, Yorkshire and elsewhere in the north of England this year.

“We will then be targeting UK-wide locations with the aim of building another 2,000-plus homes in the following three years.”

The Build To Rent sector is growing, and fast.

Data from the British Property Federation shows that the total number of BTR homes under construction across the UK has increased by nearly 40 per cent in the past year.

There are now 139,508 BTR homes complete, under construction and in planning across the UK – an increase of 22 per cent over the last year. 

The number of homes completed and in planning have also increased by 29 and 10 per cent respectively.

For the first time, the total number of completed BTR homes across the UK regions has caught up with the total in London – with 14,615 completed homes in the regions and 14,801 in the capital.

Developments in the regions continue to be given the greenlight at a faster pace – with 24,010 homes under construction in the regions and 19,304 in London.

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