BE News’ Post

Thriving Investments and Gresham House have agreed a £53m forward-funding agreement for the delivery of 122 shared ownership homes on the Clapham Park Regeneration Estate in South London. A joint venture between Countryside Partnerships – part of the Vistry Group – and Metropolitan Thames Valley will deliver the new homes.

Student and build to rent specialist #WatkinJones has struck a deal to build 295 new homes on behalf of the North West’s biggest affordable housing provider #Torus. The new partnerships scheme will result in the regeneration of an existing #MossNook brownfield site, forming part of an overall masterplan to regenerate a former industrial site in #StHelens, with the initial phases already under construction by #TaylorWimpey. This next phase of the scheme will see Watkin Jones deliver a mix of affordable properties from two, three, and four-bedroom family homes to mews-type properties and apartments over a 40-month build programme. The development will introduce 140 new affordable properties, with 111 for shared ownership, 20 for social renting and 24 offered as rent-to-buy homes George Dyer, Group Investment Director of Watkin Jones, said: “Delivering residential homes remains a key element of our overall residential strategy, and we look forward to growing our partnerships further in this space.”  

Persimmon Homes Set to Build 1,200 New Homes Across the West Midlands Persimmon Homes, one of the UK’s foremost housebuilders, has announced a bold expansion in the West Midlands, with plans to deliver 1,200 new homes across the region. This move is a substantial boost to local housing supply and forms a key part of the company’s strategy for long-term growth and investment in the area. In the past six months, Persimmon has secured planning approvals for a series of developments in sought-after locations, including Lichfield, Kenilworth, Redditch, Sandwell, and Burton on Trent. Additional land acquisitions have been finalised in Dunchurch and Bedworth, with another in Wednesbury anticipated by month’s end. Stephen Cleveley, Regional Chairman of Persimmon Homes, commented: “The West Midlands is crucial to our future. We see enormous potential to deliver quality homes in the region, supporting the government’s ambitious target of building 1.5 million new homes over the next five years. Our partnerships with Local Authorities and Registered Housing Providers have been central to our success, and we greatly value their collaboration.” The development of these new homes is projected to drive significant economic benefits, bolstering job creation and helping meet the increasing demand for housing in the West Midlands. Persimmon has highlighted the importance of strong partnerships with local authorities and housing associations, which have facilitated planning approvals and enabled the smooth progress of these projects. https://lnkd.in/e25nBJ3t

Hines has made a strategic shift from developing Australian #rental residential assets in favour of purchasing properties with near-term income potential https://lnkd.in/g4tc-fua

British Offsite Limited secured a €1.7m contract with Wates Residential to build 29 retirement apartments in Poole in 14 weeks. #BritishOffsite #RetirementLiving #WatesResidential #HillbourneDevelopment #Poole #UNisystem #ConstructionNews #ModularHousing #RealEstateDevelopment #PurposeBuiltApartments #europere #topstory #property #story #news #Europe #europerealestate https://lnkd.in/er6WZTih

Savills' most recent UK build-to-rent (BTR) market update shines a light on the increasing investor interest in single-family housing (SFH). Some of the key findings include: ➡ SFH made up half of total UK BTR investment last year, the highest proportion of the total Savills has ever seen ➡ Investors are increasingly looking at deploying capital into bespoke SFH stock that is tailor-made for the needs of the rental market ➡ Investors typically favour developments with sustainability features and nearby amenities ➡ Many housebuilders have restructured their operational structures to establish a private rental sector model to work with investors in SFH Present Made, a wholly-owned platform of UK living real estate investment manager Apache Capital, is in the process of creating a market-leading pipeline of SFH BTR, undertaking direct development while also working with delivery partners, including five-star housebuilder Miller Homes Ltd.

Madrid, Spain-based investment firm Azora is teaming up with a Florida multifamily firm to launch a $3B partnership they say is aimed at addressing the U.S. housing shortage. Azora and Miami-based Advenir plan to invest in both the development and acquisition of housing across the U.S., they announced in a press release last week. The partnership plans to deploy the capital over the next five years in an effort to develop at least 10,000 new single-family rental homes and acquire 5,000 housing units. The partnership will target developing and investing in what it deems “high-growth markets” in North Carolina, South Carolina, Georgia, Tennessee, Alabama, Florida, and Texas. The two firms will also look at expanding into several Midwestern markets, including Wisconsin; Indianapolis; Columbus, Ohio; and Louisville, Kentucky. Each new apartment community is planned to include 250 to 300 new townhomes, standalone units and condos, and will have amenities such as pools, gyms and clubhouses.Azora has $11B in assets under management in residential, hospitality, logistics, office, and renewable energy sectors in Europe and the U.S. Advenir operates over 30,000 residential units and owns 12,200 units across the country. #cre #Commercialrealestateadviser #creinvesting #multifamily

Where is your KiwiSaver investing your money? Back into Nee Zealand or are you helping grow foreign economies instead of our own?

Denver-based companies Trailbreak Partners and Quannah Partners have completed the acquisition of Kabin Apartments, a 194-unit multifamily building located in Zeppelin Development’s TAXI project in RiNo. The property was purchased for $39.5 million, according to records filed with the City and County of Denver. https://lnkd.in/g4NynPg4 #Brokerage #Development #Multifamily #Denver #News