Greystar and Get Living lambast London Plan BTR demands

Greystar, Get Living and the British Property Federation have opposed a fresh amendment to the London Plan that would bring social housing into build-to-rent schemes for the first time. Under the new proposal, BTR developers would be forced to include traditional social housing in their schemes in place of the current ‘discount market rental’ housing. They would no longer enjoy sole ownership, as local authorities or other registered providers would step in to manage the affordable housing element. Developers would potentially have to hand over 35-50% of BTR schemes to social housing, the current recommended rate for all London schemes.