Developers have lodged plans for 13,212 homes at build-to-rent schemes in the second quarter of 2021, a 34% jump on the previous quarter.
EG Radius tracked 26 new BTR proposals, bringing the 2021 total to 23,071 homes proposed in 51 developments.
The second quarter saw the second highest number of homes in BTR schemes on record. It is a 31% increase on the same period in 2020.
The total number of homes is an indication only of how many homes are planned in these schemes because, in some cases, applications have indicated a range or a level of flexibility regarding tenure.
More than half of the homes planned (58%) were in London boroughs, with a further 12% in Birmingham and 9% in Nottingham.
EG’s analysis reveals a large variety of accommodation in the pipeline, with almost 2,000 beds dedicated to co-living and 2,200 to student accommodation, compared with 7,224 flats. There was also a mix of high-rise and suburban BTR, as well as larger mixed-tenure regenerations.
The largest scheme to include BTR came from Renewal, planning 3,500 homes at the £2bn New Bermondsey regeneration next to Millwall Football Club, SE15. The first phase will see 600 rental homes, of which 400 will be private and 200 will be affordable.
However, the larger pure rental proposal came from Birmingham developer Woodbourne Group – proposing more than 1,600 flats, including 732 student beds, 620 BTR flats and 265 co-living beds at its Curzon Wharf site (pictured). The tallest tower rises to 52 storeys and the development will be Woodbourne’s largest to date.
Other notable schemes include Legal & General’s first plans from its suburban BTR division, with 124 homes in Horsham, alongside new plans from BTR developers Quintain in Wembley and Watkin Jones in Wrexham.
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