Portsmouth and Southsea lettings agency Chinneck Shaw has been appointed to manage the first purpose-built Build to Rent project from Ravelin Housing Ltd, Portsmouth council’s wholly owned development company.
As managing agent for the Southsea BTR scheme, Chinneck Shaw will oversee the letting and management of 17 new apartments, including four affordable homes for key workers.
The scheme has involved the renovation of a former bottling store, last renovated 50 years ago. The four-storey Brewery House has now been converted into 13 two-bedroom and four one-bedroom apartments.
Chinneck Shaw associate director Harry Renton-Rose says: “The Brewery House scheme is all about contributing much needed, modern homes to address housing demand in our city. While being the first of its kind here in Portsmouth, it reflects growing interest in Build to Rent developments nationally as part of the private rented sector.
“Our bid to the council emphasised our long-standing Portsmouth presence and success as a trusted management partner for landlords and property owners across the city and wider region. We are hugely excited to be appointed as managing agent for Brewery House and have the opportunity to play our part in the scheme’s future.”
Brewery House is the first BtR scheme to be taken forward by Ravelin Housing, tasked by the council with the delivery of private and affordable housing for sale and rent. Chinneck Shaw will now begin marketing the homes with the first tenants expected to move in within weeks.