PBSA News’ Post

In this viewpoint Mary-Jane O'Neill, Head of Planning (London and South), argues that greater clarity is needed from local planning policy to support the delivery of Build to Rent schemes.   Read more > https://bit.ly/4a9eqVy   This article is taken from our Build to Rent Report 2024, which can be downloaded in full here > https://bit.ly/3uEBQ6F Or to discuss in more detail contact Mary-Jane O'Neill or Lauren Stoves in our Planning, Development + Regeneration team.   #BTR #BuildToRent #PlanningPolicy

New research by the British Property Federation shows that the total number of purpose-built rental homes granted planning consent has increased by 35% over the past 12 months, with London leading the regions for the first time in two years. At the same time, analysis, carried out by Savills, demonstrates the continuing challenge of converting consents into construction output, with the number of new homes under construction contracting throughout 2024 and down 18% since Q4 2023. Read the full story here: https://lnkd.in/exMyiRXs #property #housebuilding #newbuild #newhomes #construction

Most important lesson? Admitting we have a problem. Brad Bradford raises critical issues - we have had decades of ineptness without accountability. Look at Union Station’s 10 year delay, Crosstown not even open, budgets run amock, and yet this is not newsworthy and there are no consequenses. We need to demand more, but first we have to admit the project delivery model is broken. The solution will be less regulation and more private sector delivery with deadlines, incentives, etc. “Houston, we have a problem”. Let’s admit we need radical change.

More evidence of the BTR sector flying. It’s crucial that clients understand what LDI options are available to them and that the cover offered is fit for purpose, having a specialist broker with an experienced Major projects team to advise you is vital. Please do get in touch so we can look at your options and guide you through the process.

Build to Rent sites take a year to achieve planning consent: https://lnkd.in/etGype2X cc Ian Fletcher, Guy Whittaker, British Property Federation and Savills #btrnews #btr #buildtorent #planning #research #insights #marketinsights #planningresearch #residential #builtenvironment #developments #residentialdevelopment #residentialproperties #planningnews

⚡ City of Surrey Launches Online Portal to Expedite Permitting City of Surrey has launched an online Multi-Family and Complex Building Permit Portal to streamline permit processes. This initiative, part of the Housing Accelerator Fund Action Plan, promises faster approvals, real-time updates, and reduced timelines by at least 30%, enhancing housing development efficiency across the city. Read the full story by City of Surrey: https://lnkd.in/gZSvFyyW Check out realestaterecap.ca for 15-second summaries of the latest real estate news in your area and across Canada. ✅

🎉 Exciting news in the construction world! 🎉 We're thrilled to see Wates and Hill Holdings among the 22 firms that have secured spots on the £800m MMC framework. This four-year housing initiative will revolutionise the industry by focusing on modern methods of construction (MMC) across England and Wales 🌍. The Integrated Traditional Build & MMC framework, led by Procurement for Housing and Building Better, targets various housing projects — from low-rise homes to apartments and extra care homes. It's a strategic move, especially considering data from Glenigan revealing an increase in MMC usage, from 9% in 2017 to 16% in 2023 📈. This framework bridges the gap between traditional building and modern construction techniques, ensuring better outcomes for social housing programmes. We're especially excited for the opportunities this brings to local builders and the social housing sector, fostering a stronger and more sustainable future. Well done to all firms involved! 👏 Connect and follow us for more industry updates! #ConstructionNews #MMC #HousingInnovation

The total number of build-to-rent (BTR) homes granted planning consent has risen 35% over the past 12 months, according to data published by the British Property Federation. However, analysis undertaken by Savills found the number of new homes under construction fell in 2024, ending the year 18% down on Q4 2023.

Why Master-Planned Communities Are a Winning Strategy for MPC Developers 🏘️🏙️ Developing master-planned communities (MPCs) comes with its share of challenges—high upfront costs, long timelines, and complex infrastructure coordination. But the rewards for developers willing to take on these projects are significant. ✅ Early Revenue Generation & Reduced Capital Risk: By selling land parcels to third-party homebuilders, developers can generate revenue early on, mitigating risks while positioning themselves for long-term value appreciation. ✅ Long-Term Value Growth: As infrastructure and amenities (like schools, parks, retail centers) are developed, land values typically rise. Developers can capture this appreciation, particularly if they retain ownership of key assets such as commercial properties. ✅ Unique Lifestyle & Premium Prices: MPC developers have control over the community's vision and design, allowing them to create highly desirable living experiences. This often leads to premium home prices compared to standalone developments. ✅ Diversified Income Streams: Residential, commercial, and retail spaces within MPCs provide multiple revenue sources—from housing sales to commercial leases. ✅ Market Resilience: The diversified nature of MPCs helps them weather market downturns better than single-use developments. Developers can shift focus to stronger sectors like commercial or multifamily housing during residential slowdowns. ✅ Reputation as Market Leaders: Successfully completing an MPC can solidify a developer’s reputation, opening doors to future opportunities, partnerships, and capital from investors. Developers like Howard Hughes Corporation, Kitson and Partners, Johnson Development, Brookfield Residential, Neal Land and Neighborhoods, BTI Partners, Tavistock and many others have proven the success of MPCs, creating vibrant communities that set them apart in the market. Their success speaks to the long-term benefits of master planning and the creation of unique, desirable places to live. MPCs are a complex but rewarding investment strategy for developers looking to build the future. #RealEstate #MPCs #DevelopmentStrategy #LongTermValue #RCLCO #BrookfieldResidential #NealLandandNeighborhoods #JohnsonDevelopment #Tavistock #Kitson #BTIPartners