Leading investor in UK build to rent

Our strategy

  • Locations offering long-term rental growth potential and income security
  • Developing higher standards of design, service and asset management
  • Delivering long-term rental growth ahead of inflation
  • Established portfolio of 14 schemes in 11 cities totalling 4,900+ apartments

Long-term thinking

Why Build to Rent has remained resilient despite Covid-19

Build to Rent has weathered the pandemic resiliently. With rent collection and occupancy remaining high, and economic trends looking supportive, there are compelling reasons to look to invest.

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Webcast with IPE

LGIM's market experts discuss the resilience of BTR cashflow

Drawing on the data from the Legal & General portfolio over the last six months, Dan Batterton and Rob Martin talk about the resilience of the sector.

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Long-term thinking

The role of BTR in driving ESG outcomes in the wake of Covid-19

When the UK entered lockdown back in March, markets were hit harder than during the global financial crisis, with swings impacting across sectors and countries. In times of market turbulence, institutional investors tend to retreat to safety, adopting a ‘flight to quality’ mentality by seeking out assets which provide stable income and low volatility.

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£2.0bn

portfolio established since 2016*

4,938

existing portfolio homes

£1.0bn

immediate pipeline in next six months

*Forecast gross development value

Vision

To increase the demand for quality rental accommodation across the UK by providing homes that meet the needs of today’s renter

Excellence

  1. Designing  developments to meet the needs and aspirations of residents and local businesses
  2. Identifying locations to offer long-term rental growth potential and income security

Scale

  1. Creating an identity and accelerating delivery both, regionally and on a wider national scale
  2. A robust track record of delivering economically and socially useful schemes across the country

Team

  1. A dedicated team of 11, including specialists in acquisitions, design, planning, construction and operations
  2. Diverse skill sets offering diversity of experience and expertise

View other schemes in our portfolio

LGIM Real Assets entered the Build to Rent sector in 2016 and now has seventeen schemes in operation or development across the UK, delivering 6,000 homes for elective renters.

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Case studies

  • Blackhorse Mills, Walthamstow

    Blackhorse Mills, Walthamstow

    The £180m scheme , located in Walthamstow, north London overlooks the Walthamstow Wetlands and showcases a pioneering approach to the UK’s Build to Rent sector as one of the largest schemes in the country.

    Comprising 479 apartments, there’s a strong emphasis on the design and integration of various communal areas within the buildings which includes; a heated outdoor swimming pool, an extensive gym area, outdoor BBQ and dining areas, private dining rooms, flexible working space, and doorstep play facilities for young children.

    Also includes 20,000 sq ft of commercial accommodation to help to support small to medium sized start-up businesses.

  • Boxmakers Yard, Bristol

    Boxmakers Yard, Bristol

    Situated within 300 metres of Temple Meads train station, the scheme benefits from wider investment into the Temple Quarter Enterprise Zone, one of the largest urban regeneration projects in the UK. 

    Two sites were acquired with a planning consent for 246 apartments. Recognising the size and configuration of the apartments fell well below national space standards, we negotiated with the local planning authority (Bristol City Council) to bring about design changes to increase the density to 376 apartments.

  • Slate Yard, Salford

    Slate Yard, Salford

    Our first scheme opened in 2017 and set a new standard for future BTR projects.

    The £100m scheme located in Salford, Greater Manchester is well located on the banks of the River Irwell and opposite Spinningfields, Manchester’s premier office district.

    Designed with residents in mind, the scheme provides 225 homes, work from home space, a gym, free wifi, gym, car club membership, housekeeping service, and pets are allowed.

  • Mustard Wharf, Leeds

    Mustard Wharf, Leeds

    The site is located in Granary Wharf, an established retail, leisure and residential, waterfront location. It is also part of the wider regeneration area of South Bank area, a location due to provide 35,000 jobs and in our micro location we believe is highly suitable for BTR homes.

    The 250 apartment building is approximately 350m, a c5min walk, from Leeds Train Station, which provides services to other key UK cities such as London and Edinburgh as well as being a major hub for local and regional destinations such as York and Sheffield.

    The first residents are expected to move in by the end of 2020.

Articles & podcasts

Build to rent residential in a post Covid-19 World

PDF file: Read the article PDF size: 2660 KB

Our market experts discuss the resilience of Build-to-Rent cashflow

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Contact our distribution team

Callum Fraser

Client Manager
LGIM Real Assets

+44 (0)20 3214 2840 

callum.fraser@lgim.com