RLAM launches BTR platform
Royal London Asset Management Property has launched a build-to-rent platform targeting a portfolio of 8,000 homes.
The mutual life, pensions and investment company will deliver affordable private rented homes in suburban and commuter markets in mid-sized regional cities and district centres.
It has two BTR schemes comprising 500 homes in Bracknell and Slough, in Berkshire, marking its first investment into the sector.
Royal London Asset Management Property has launched a build-to-rent platform targeting a portfolio of 8,000 homes.
The mutual life, pensions and investment company will deliver affordable private rented homes in suburban and commuter markets in mid-sized regional cities and district centres.
It has two BTR schemes comprising 500 homes in Bracknell and Slough, in Berkshire, marking its first investment into the sector.
Both assets will be managed by the business’s newly launched residential property management platform, ProperTies Living.
The acquisitions consist of a 349-flat site in Bracknell, scheduled for completion in 2027, and a 151-flat building in Slough, which completed earlier this year.
Mark Evans, head of property at Royal London Asset Management Property, said: “At Royal London Asset Management Property, we aim to generate long-term income for our pension customers by investing in future-proof, resilient assets across sectors. As the build-to-rent market strengthens and demand for high-quality homes in UK cities grows, now is the right time for us to enter the sector.
“The launch of our vertically integrated residential management business, ProperTies Living, is crucial to our movement into the residential sector.”
Tim Holden, director at ProperTies Living, said: “We launched ProperTies to provide a solid, secure and comfortable living space for a wide variety of people from young professionals to families across the country.
“With this vehicle, we can use our combined experience in the build-to-rent space to deliver developments that have the lifestyles of our tenants in mind. We look forward to working closely with our investment colleagues to advise on opportunities, engage with our residents and deliver the best possible service and amenities at future schemes.”
