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

Aaron Morby 4 years ago
Share

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

 

Latest news

Liverpool advances £700m Festival Park redevelopment

Willmott Dixon to carry out enabling works around Festival Garden dome base
13 hours ago

Another 152 Carillion staff axed taking job toll to 1,141

Staff told to pack up as fresh wave of job cuts unveiled today
15 hours ago

Mace lands £350m Stevenage town centre revamp

Council picks winning developer for major town centre regeneration
14 hours ago

Construction cartel whistleblowers offered £100k for tip-offs

Competition and Markets Authority targets construction in latest crackdown
17 hours ago

Balfour sells another stake in M25 for £42m

Cash will be used to pay down borrowings as sell-off of infrastructure assets continues
17 hours ago

Major Carillion shareholder considered suing directors

Enquiry hears how investors were "fleeing for the hills" before board admitted problems
22 hours ago

Breedon in talks to buy majority of Lagan Group

Aim-listed materials group in talks to buy part of Belfast-based group.
23 hours ago

Boost your online presence with the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
4 months ago

Blaze engulfs Icon job in London’s West End

Fire destroys much of a £50m luxury apartment scheme in Great Portland Street
22 hours ago

Sheffield Hallam Uni seeks single construction partner

Selected contractor and consultant will deliver £220m first phase of estate plan
22 hours ago

Scape calls up firms for £2bn civils framework

Balfour Beatty faces fight to keep civil engineering framework place as bidding starts
2 days ago

Kier wins £22m London student halls revamp

University College London's Ramsay Hall student blocks will be refurbed and extended
22 hours ago

Carillion liquidator pledges 7-day redundancy service

Government sets up specialist team to process staff
4 days ago

Carillion Aberdeen bypass project team transferred

57 of 63 staff taken on Balfour Beatty and Galliford Try
4 days ago

MPs demand more evidence from Carillion bosses

Directors face further scrutiny over late payment claims
4 days ago

Scaffold clip falls 20 metres hitting passer-by

Victim left with broken nose and damaged skull
4 days ago

Contracts up for grabs in Birmingham building boom

Big names want to meet new suppliers: Register now
4 days ago

Nearly 80 housing projects win kick-start funding

£45m cash injection to support building up to 7,280 homes on council-owned land.
4 days ago

Are you the best in construction? – Enter the Enquirer awards now

Enquirer awards are voted for by your staff and supply chain
4 days ago

Robertson wins £19m Belper care home

Work to start in April on Derbyshire care home and library project
5 days ago

London’s biggest Boxpark approved

Capital’s third shopping container mall in Wembley gets green light
4 days ago

Axed Carillion staff slam PwC over redundo claims delay

Worried ex-staff face losing their homes
5 days ago

Tribunal victory “blows a hole” in agency payroll model

Unite vows to step up campaign against bogus self-employment
5 days ago

Procure North West issues £2bn build framework bid alert

Bidding to start next month on Liverpool and Manchester building framework
5 days ago

Cladding firms risk fitting poor ACM in post-Grenfell confusion

UK's biggest cladding distributor pulls all systems failing to reach A2 standard
5 days ago
Vivalda Group plc

Briggs and Forrester bullish about building services market

Specialist set to hit £225m turnover after an award winning year
5 days ago

Canadian firm to buy Carillion UK FM contracts

Serco and BGIS deals to save 4,000 support services staff
5 days ago

Wates residential boss leaves after reshuffle

Joanne Jamieson leaves business and is replaced by Richard Shroll
6 days ago

Groundworker loses leg after being hit by tipper truck

Civils firm MV Kelly fined £500,000 after accident on housing site
6 days ago

Morgan Sindall transport chief joins BAM

Bill Gifford takes on new role as Highways Strategic Director at BAM Nuttall
1 week ago

Contractor services