The house builder is developing partnerships across the public and private sectors to increase the supply of new homes across the UK and help solve the national housing crisis.
Paul Ruston, living fund manager at RLAM, said: “Our long-term investment approach, combined with a vertically aligned model that enables close operational oversight, means we are well placed to support the continued growth of this emerging segment of the housing market.
“Complementing our ongoing expansion in the build-to-rent market, the single-family housing sector presents a significant opportunity for early mover advantage, underpinned by compelling supply-demand dynamics.
“Greater Manchester was a natural choice of location to enter this market, combining acute housing undersupply with strong demand for attainable, family-sized rental homes from an established mobile workforce.”
Charlie Miller, director of transactions at ProperTies Living, said: “Following this first development, we plan to grow our North West footprint through a dedicated regional hub, establishing a local presence in the suburban and commuter markets where demand for these rental homes is significant.”
This week, Lloyds Bank’s suburban BTR portfolio grew by nearly 1,000 homes following a deal to buy homes across England from a large house builder.
Lloyds Living, the private rental and shared ownership division of Lloyds Banking Group, signed contracts on a portfolio of 980 suburban houses to be built by Barratt Redrow across 14 developments.
This month, a report found that the number of suburban BTR homes in the UK has tripled to 26,000 since 2020.
