The British Property Federation (BPF) has created a new committee that will hopefully sell the build-to-rent concept to the public, local councils and ministers.
Build-to-Rent Committee Hopes to Sell Concept to Public
The UK Residential Fund Manager at LaSalle Investment Management and former head of the Government’s Private Rented Sector Taskforce, Andrew Stanford, will chair the committee.
Acquisitions Manager at FizzyLiving, Adam Russell, will be the vice-chair.
The BPF says: “At a time when the housing crisis is acute and private renting has overtaken the social housing sector as the second largest tenure in England, the committee will reinforce the important role that build-to-rent can play in increasing housing supply and tenant choice.
“It will work to ensure that both local and central Government continue to support the sector, and create the right conditions to encourage investment and speed up delivery of this new housing product.”1
Stanford adds: “Build-to-rent fits so well with so many of the new Government’s priorities, delivering new supply of quality rented homes, accelerating the speed of housing development, making good use of brownfield sites and meeting customer needs.
“There are many innovators in this new market and I am so pleased we have brought many of them together, in this new group, to drive that important dialogue with local and national Government forward.”1
Members of the committee will include representatives from Knight Frank and Savills estate agents.