The British Property Federation has today announced the formation of a fresh committee that will be charged on focusing on promoting the fledging build to rent sector.
In a period where supply is being far outstripped by demand, with private renting overtaking the social housing sector as the second largest tenure in England, it is hoped that the new committee will reinforce the value of build to rent.
Working to ensure that both local and central Government members continue to support the sector, the committee will also help to create the correct conditions to encourage investment and delivery of this housing product.
The committee is to be formed as a sub-set of the BPF’s existing residential committee and will be headed by Andrew Stanford, UK residential fund manger at LaSalle investment. Vice-chair will be Adam Russell, currently acquisitions manager at FizzyLiving.
New committee to promote build to let
Mr Stanford commented that, ‘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, supporting place marketing 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,’ he added.