Tag #Build-To-Rent

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smh.com.au

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May 25, 01:09

Melbourne Build-to-Rent Boom Bypasses Public Park Funding"

Thousands of build-to-rent apartments are being constructed in Melbourne without contributing to public parks due to a planning loophole, costing councils millions and sparking calls for legislative reform from inner-city mayors.

Melbourne Build-to-Rent Boom Bypasses Public Park Funding"

Thousands of build-to-rent apartments are being constructed in Melbourne without contributing to public parks due to a planning loophole, costing councils millions and sparking calls for legislative reform from inner-city mayors.

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Sustainable Cities and Communities

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How are build-to-rent developments in Melbourne impacting public open space funding, and what are the immediate consequences for urban planning?

Melbourne's build-to-rent boom, with 6001 completed and 18,885 more apartments planned, is bypassing public open space levies, costing councils tens of millions of dollars. This is because the levy applies only to subdivided properties, while build-to-rent developments typically have a single owner. Mayors are calling for legislative changes to address this loophole.",

dailymail.co.uk

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Feb 5, 16:14

Grainger's Rental Income Surges 15% Amidst UK Housing Shortage

Grainger, Britain's largest private landlord and BTR developer, announced a 15% increase in rental income over the past four months due to strong demand and limited supply in the mid-market rental sector; the company plans to convert to a REIT by 2025, focusing on higher-yielding BTR opportunities.

Grainger's Rental Income Surges 15% Amidst UK Housing Shortage

Grainger, Britain's largest private landlord and BTR developer, announced a 15% increase in rental income over the past four months due to strong demand and limited supply in the mid-market rental sector; the company plans to convert to a REIT by 2025, focusing on higher-yielding BTR opportunities.

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What is the primary driver of Grainger's significant rental income increase, and what are its immediate implications for the UK rental market?

Grainger, Britain's largest private landlord and BTR developer, reported a 15% surge in rental income over the past four months. This growth is attributed to strong leasing and a supportive BTR market, driven by high demand for mid-market homes and limited supply. The company is actively divesting from its regulated tenancy portfolio to reinvest in higher-yielding BTR opportunities.

theguardian.com

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Feb 16, 13:07

UK Build-to-Rent Sector Dominated by Corporate Landlords, Excluding Families

A UK thinktank report reveals that the rapidly growing build-to-rent (BTR) sector, constructing nearly one in five new homes, is dominated by corporate landlords prioritizing couples and singles, raising concerns about the Labour government's reliance on this model to address the housing crisis.

UK Build-to-Rent Sector Dominated by Corporate Landlords, Excluding Families

A UK thinktank report reveals that the rapidly growing build-to-rent (BTR) sector, constructing nearly one in five new homes, is dominated by corporate landlords prioritizing couples and singles, raising concerns about the Labour government's reliance on this model to address the housing crisis.

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What are the immediate consequences of the UK government's reliance on private equity-backed build-to-rent developers to address the housing shortage?

The UK's build-to-rent (BTR) sector, constructing 20% of new homes, is dominated by corporate landlords, prioritizing couples and singles over families. This sector, heavily backed by private equity, could receive a significant portion of land in Labour's new town developments, potentially exacerbating the housing crisis.

smh.com.au

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Dec 11, 07:11

NSW Approves $209 Million Build-to-Rent Tower, Bypassing Local Council

A $209 million, 43-story tower including 272 build-to-rent apartments, 10 affordable units, and 84 serviced apartments in Sydney's St Leonards was approved, reflecting NSW's expedited housing development plan bypassing local councils, causing controversy.

NSW Approves $209 Million Build-to-Rent Tower, Bypassing Local Council

A $209 million, 43-story tower including 272 build-to-rent apartments, 10 affordable units, and 84 serviced apartments in Sydney's St Leonards was approved, reflecting NSW's expedited housing development plan bypassing local councils, causing controversy.

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What is the immediate impact of the St Leonards tower approval on housing development in NSW?

A $209 million project to build a 43-story tower with 272 build-to-rent apartments, 10 affordable units, and 84 serviced apartments in St Leonards, Sydney, has been approved. This approval, granted under new planning controls, streamlines the process for similar developments and is expected to expedite future projects. The project is located near the Crows Nest metro station, an area recently rezoned to encourage denser housing.

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