Buy-to-rent schemes up by 40% in Q1

Build-to-rent investment in Q1 totalled £735.3m, according to data from CBRE, with investment into the sector up by almost 40% compared with the same period last year. According to CBRE, several stabilised assets transacted in Q1, which could underpin investment volumes this year.  In addition, three forward-funding deals totalling £420m transacted in two weeks across Manchester, Leeds and London

• Manchester –  the acquisition of Renaker’s 51-storey development in Deansgate, by a partnership between L&G, Nest and PGGM.

• Leeds – Barings agreed a £152m deal with Glenbrook for a 618 home scheme at Kirkstall Road.

• London – Goodstone agreed a £116m deal with the Hill/Peabody partnership for a 360 home scheme in Dagenham Green.