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TODAY'S OTHER NEWS

Massive Build To Rent target over next five years

A Build To Rent developer has revealed plans to construct over 10,000 units in just five years.

Wise Living, part of SDL, says the proposal will create up to 100 new jobs across the UK.  

Over the last 12 months Wise Living has announced partnerships with developers Keon Homes and Lovell Homes, as well as £133m investment from Triple Point and ICG Longbow - and it says there is “significantly more to follow.”

SDL Group says it is now focusing its efforts on these strategic partnerships to capitalise on the potential in the growing BTR sector.

Wise Living is currently working with 10 developers across the UK and has developments in Mansfield, Birkenhead, Coventry and Telford. 

Andy Deller, director at Wise Living, says: “Since our launch in 2018, we’ve made fantastic progress thanks to the effort of our team and our partners. We’ve had a stream of collaborations and investments that have enabled us to build high-quality BTR properties for people and families right across the UK.

“Having attracted significant investment, our focus now is on delivering our exciting plans to grow the business in a market that has so much potential. As part of this we are expanding the support we provide to our partners, so that we can use our knowledge and expertise to help them through every stage of a successful scheme.”

And Deller concludes: “The key aim is to deliver on the potential that we have realised and build 10,000 homes and partner with a number of key regional and national developers by the year 2025.”

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