Agency launches Build To Rent taskforce with new brand name

Leaders Romans Group has announced the creation of a Build To Rent Taskforce, using a different brand name - Three Sixty Space.

A statement says Three Sixty Space “brings together wide-ranging expertise from across LRG,including land acquisition and disposal, planning, sustainability, new homes development, lettings agency, property management and block management. As such, it provides a consistent service to support the increasing number of investors, developers and property managers who make BTR the UK’s fastest-growing property asset class.”

British Property Federation figures report 14 per cent annual growth from 2021 to 2022 and a strong four per cent for the most recent reported quarter. 

LRG says that in the past 10 years BTR has evolved from providing city centre apartment blocks for young professionals to substantial suburban communities with shared services and facilities, apparently popular with all age groups. And LRG says that it’s network of 225 offices make it ideal to address this growing BTR demand.

Andrew Jones - who has the title of Group Director, Corporate Lettings & Build to Rent at LRG - says: “Recent research amongst global institution investors has found that 70 per cent anticipated being active within BTR suburban communities in the next five years: a substantial increase from the 42 per cent currently active.” 

He continues: “The sector’s potential is almost unlimited, as counter-urbanising maturing Millennials seek family homes in serviced communities and benefit from the opportunity to move from one home to another at little cost as their family grows. This innovative, service-based product will compare favourably with most of the stock currently available for rent, and its popularity will enable BTR suburban communities to attract additional investment and grow at pace.

“But unabated expansion will require the values of traditional BTR to be maintained. LRG’s specialist BTR taskforce was constructed on the basis of consistency. The service, which spans land and planning, specialist management and lettings, strategic advice and data analysis, provides services to investors, housebuilders and PRS operators throughout the process.

“From land acquisition and Local Plan allocations, to understanding local markets and providing service to fix a dripping tap, LRG spans a vast range of expertise, enabling us to provide that much-needed consistency.”