Schemes shortlisted for £400m Build to Rent cash – List

Aaron Morby 4 years ago
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Housing Minister Kris Hopkins has released details of planned private rental schemes shortlisted for a share of the Government’s £1bn Build to Rent fund.

Up to 6,500 homes will be built using the next tranche of funding worth around £400m.

The 36 projects on the round two shortlist will now go through a due diligence process run by the Homes and Communities Agency.

They include:

  • Housing Capital Trust – plan to build over 500 homes for rent in Manchester
  • Stanley Dock Properties – Over 100 homes for rent in Liverpool
  • Imperial West – 192 homes for private rent in Hammersmith and Fulham
  • Development Securities – 350 homes for rent across Brent, Greenwich and Redbridge

Around 80% of the projects listed are in London – reflecting the demand for good quality, private rented accommodation in the Capital.

The latest round of bids puts the Government well on track to have work underway by 2015 to deliver up to 10,000 newly built homes for private rent.

The Build to Rent fund is designed to help developers build large scale, quality homes specifically for the private rented sector.

Through round one of the scheme, 18 projects are either in the final stage of due diligence or contracting stage, with around half of these projects in London but also in places including Durham, Liverpool and Birmingham.

Construction has also already started on two Build to Rent developments in Southampton and Manchester.

Housing Minister Kris Hopkins said: “The private rented sector offers a flexible option to millions of people looking to rent good quality homes.

“So I’m pleased that so many developers have applied for a share of our £1bn fund, and that we are well on track to have work underway by 2015 on 10,000 new homes specifically for private rent.”

Build to Rent round 2 shortlist
Lead Bidder PRS homes Local Authority
QDD Athletes Village UK  (for SVDP ) 964 Newham
Manchester City Council 863 Manchester
London Legacy Development Corporation 548 Hackney
Muse Developments 527 Hounslow, Lewisham, Newham, Salford
Housing Capital Trust 521 Manchester
Pinnacle Developments (NW) 497 Salford
Canary Wharf Group 493 Tower Hamlets
Dolphin Square Charitable Foundation 389 Camden, Hammersmith & Fulham, Lambeth, Westminster
CS Developments (Manchester) 350 Manchester
Development Securities 349 Brent, Greenwich, Redbridge
LQ Developments 345 Manchester
Essential Living (Helix) 345 Tower Hamlets
Canary Wharf Group 282 Tower Hamlets
Apache Capital Partners 265 Croydon
Newington Butts Developments 262 Southwark
Castlefield Developments (Manchester) 250 Manchester
Grainger 196 Haringey
Imperial West 192 Hammersmith and Fulham
Essential Living (3CL) 172 Tower Hamlets, Windsor & Maidenhead
Binks Developments 168 Kirklees
Essential Living (Swiss Cottage) 158 Camden
Kier Project Investment 151 Watford
Steel Green 151 Trafford
Colliers Wood Investments 150 Merton
BDW Trading 142 Barnet
Spenhill Regeneration 141 Greenwich
Essential Living (Archway) 137 Islington
Coplan Estates 122 Barking and Dagenham
Stanley Dock Properties 112 Liverpool
Carlton Group developments 105 Redbridge
Woking Housing Partnership 105 Woking
BY Development 102 Woking
Maurice Investments 101 Hackney
Orbit Homes (2020) 100 Stratford-on-Avon
Hurst Street 100 Liverpool
Greater London Authority 100 Newham
Total 9,955

 

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