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  • Property-a-holics

    No "Brexodus" for Institutional Landlords



    The UK Build to Rent sector witnessed record levels of investment in the first quarter of 2019, according to the latest residential investment research from CBRE.

    CBRE’s UK Residential Investment Marketview of Q1 2019 shows that between January and March 2019, there was a total of £1.04 billion of investment into the UK private rental sector for Build to Rent schemes, including several forward-funding deals and some direct site acquisitions.

    This is four times higher than in Q1 2018 and is among the strongest quarterly investment volume recorded since 2015.

    Full/source article

    So institutional investors are keeping faith with the private rented sector, despite the challenging market conditions. What can smaller landlords learn from that?

    SEE ALSO  -          Institutional investors set to revolutionise private rental sector

    UP NEXT -              Are you preparing for "Corbygeddon"?

    DON'T MISS -         The big bad ass Brexit brief for landlords

    NOW WATCH:

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    What can smaller landlords learn from that?

    That when you're big enough and multi-national enough you can avoid whatever taxes a government decides to put on a sector  - which means you can tilt the table to make a profit where people paying all their taxes can't ?


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    DISCLAIMER just my personal opinion - for legal advice consult a qualified professional grown-up.

    What can smaller landlords learn from that?

    That Brexit isn't a threat, it's an opportunity to embrace and that the scare stories are posted by people of the Remain persuasion.

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    Financial services company Legal & General, already a major player in the burgeoning Build to Rent (BTR) sector, has revealed that it has exchanged contracts on two adjacent sites in Wandsworth which will combine to deliver its biggest BTR scheme to date.

    Full/source article

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    I use L&G for investments and they have been building huge cash reserves in the property funds

    I did mention this a few years ago

    If BTL is to succeed and grow we need to be more like them 

    Investors need to switch to business Men and Woman and this wll be via a Company structure 

    Its not as good as personal leveraged BTL but times are changing

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.


    Greystar, the US property company, has launched a £750m fund to target the UK’s rapidly growing build-to-rent sector, which is attracting institutional investors keen to lock in stable returns in an uncertain political environment.

    Full/source article

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    The value for student housing, build to rent and retirement housing in the UK is set to quadruple in the UK, reaching a combined worth of £880 billion at full maturity, according to a new report.

    This will be almost four times its current £223 billion valuation as momentum builds in these property sectors, says international real estate adviser Savills, with institutions already active in the markets providing homes for rent for full-time students, young professionals, working families, and retirees.

    But the market for residential assets owned and operated by large scale, professional investors is still in its early stages of development in the UK and represents a huge growth opportunity both for investors and developers, Savills adds.

    Full/source article

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    Build to Rent continues to thrive!

    The latest research from global real estate firm CBRE has revealed that the total institutional investment into multifamily housing (much more commonly known as Build to Rent in the UK) is 20% higher in the first half of 2019 than the same period of 2018.

    Full/source article

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    Legal & General reveals that it is creating over 13,000 jobs, thousands of homes and improved infrastructure in the South West and Wales, through major regional regeneration schemes in towns and cities such as Bath, Bristol, Swindon, Weston-Super-Mare and Cardiff

    Legal & General announces today that it has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property. Comprising over 500,000 sq ft, the final major element of the £400m regeneration scheme will include: the much anticipated new Bus Station; 318 Build to Rent (BTR) apartments; and 100,000 sq ft of Grade A office space. 

    Legal & General is dedicated to helping to drive regional economic growth in order to improve lives and deliver extraordinary social outcomes. It is using long-dated UK pension money to invest in our cities and towns; creating real jobs, high quality and varied housing and better infrastructure.  This, in turn, boosts productivity and delivers vibrant communities in which people can live longer, healthier and happier lives.  Legal & General has invested over £19bn into UK direct investments such as homes, urban regeneration, clean energy and transport infrastructure.

    This latest deal in Wales follows Legal & General’s announcement that it has signed the UK’s largest bulk annuity transfer – a £4.6bn Pension Risk Transfer (PRT) with Rolls-Royce Pension Fund, covering approximately 33,000 in-payment pensioners. Having transacted on four of the five largest UK PRT deals to date, Legal & General is uniquely placed to invest pension money into the UK economy, supporting its long-term commitments and creating assets to provide new real jobs, housing, productivity and wage growth.

    Kerrigan Procter, CEO of Legal & General Capital, said: “Legal & General’s activity across the South West and Wales demonstrates how our varied capital streams can be put to work to create real high quality assets which have a significant long term socio-economic impact in the region.  Cardiff Central Square is a prime example of how we are creating assets for Legal & General Retirement to back pension risk transfer deals and that can form part of LGIM-managed funds, while delivering jobs, housing, infrastructure and exponential economic growth. This is inclusive capitalism at its best.”

    Huw Thomas, Leader of Cardiff Council, said: “The building of a new bus interchange has been a number one priority for the council since day one of this administration, reflecting our commitment to delivering more and better jobs for the people of Cardiff and beyond. This will be the final stage of the completion of Central Square, which is the biggest regeneration project in Wales. The Council’s original masterplan for this part of the city is now a reality and we are delighted that through it, thousands of jobs are being created in the Welsh Capital.”

    Dan Batterton, Head of Build to Rent at LGIM Real Assets, said: “With Cardiff’s population expected to grow significantly over the next 20 years, increasing pressure is being put on its housing provision and infrastructure. We are delighted today to announce Wales’ largest Build to Rent scheme, which will help to address the growing challenges, offering high quality, affordable homes on long term flexible leases for elective renters. The delivery of high quality developments with vibrant communities is becoming more and more important. This latest project is the perfect example and will have a positive long term impact for Cardiff and the South West more widely, maximising our existing infrastructure and supporting economic growth and job creation.”

    Tom Roberts, Head of Strategic Investment at LGIM Real Assets, said: “Rising to the challenges faced by modern cities requires a next level approach to urban regeneration. To meet the expectations of modern city-dwellers and to improve their quality of life, developments must be genuinely mixed, offering a range of residential and work space, alongside infrastructure improvements. Legal & General is committed to funding and delivering this kind of sustainable developments and we are activity identifying further opportunities in the South West, alongside today’s announcement in Cardiff.”

    Paul McCarthy, Rightacres Chief Executive, said: “Cardiff Central is the key gateway to Wales and as more businesses and people move into Cardiff city centre, the development and transport hub will provide ever increasing economic, environment and social value.”

    Within the South West, Legal & General has funded more than seven major schemes over the past five years – helping to establish the region as the UK’s next big metropolitan hub. According to analysis by BOP Consulting, these have had a significant positive impact on the local economy, including adding a projected £1.1bn to the Gross Value Added of the Cardiff City region over the coming decade.

    In Bath Quays North, it is investing [£400m] into redeveloping a 5.5 acre prime riverside site into a 306,000 sqft office-led, mixed use scheme. It is also delivering 868 Build to Rent Homes in Bristol, Bath and Cardiff and around 300 homes within its first urban retirement living scheme in Bath. Additionally, Legal & General has forward funded 3 Glass Wharf in Bristol for HMRC’s new hub and has invested into Sovereign Shopping Centre in the centre of Weston-Super-Mare.

    On the back of this success in the South West and Wales, Legal & General is now in active discussions to deliver further mixed-use regeneration schemes across the region, including Bristol Temple Island, to deliver further local employment, housing and economic growth.

    See also our recent "Landlord Talking Points" video on this topic:

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