Build to Rent Developing Trends

16 June 2016David Roberts

IntroductionHere to thereo Berkeley and M&G Funds 2013o PRS Moving to Build to Rent Modelo Why Manchester

– Demographics– Planning Policy Forward Thinking– Example of schemes

Build to Rent Map of UK

London

Manchester

Angel Gardens

Salboy Limited

Muse

Manchester Life: Ancoats scheme

Manchester schemes

Development Trendso Private sale v Build to Rent

– Viability – Fragile does it work? o Design of a Build to Rent Scheme o Know the customer

– A new generation/Millennials o Effective Management

– Professionalise the Build to Rent sector

Viabilityo Community infrastructure levy o Negotiate with the Land Planning Authority o A different planning use o Use of clawback covenants by the local Planning

Authority

Design Construction Issues o Off site Modular Construction Method o Re-distribution of space – more community space o Use of excess space o Facilities on offer

Layout of Build to Rent

Residents shared area

Front of house

Back office supportResidents private

area

Build to Rent

Know the customero What does the customer want o Locationo Affordability/predictability o Service o Design

Effective Management o Management is Built to Rent

– Proper marketing of the scheme – Plan for risk absorption rate– Approach on services– Facilities on offer

Conclusion o Is Built to Rent a fully developed Asset Class?

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