At Forsters we have a large and dynamic real estate team, with a deep knowledge and understanding of the lifecycle of the Build to Rent (BTR) product. Engaging lawyers who understand the market as well as the most effective ways to structure deals and avoid pitfalls, will secure the value of your development and investment.
We provide straightforward and smart advice, tailored to your business goals. We understand that need to drive deals over the line, finding solutions as needed.
The Build to Rent Sector
The BTR platform continues to go from strength to strength in the UK as a recognised asset class. With demand consistently continuing to outstrip supply, house builders and developers alike are continuing to obtain consents and to deliver new product, in increasingly creative ways, at the same time meeting ambitious planning targets for delivery of affordable housing.
As stabilised assets become available on the market, we are also seeing an increase in the trading of these assets alongside the more traditional forward funding delivery model.
Although yields continue to lag behind those in other income backed sectors, the long term and often secure nature of income returns is continuing to attract investors who are looking to diversify their portfolios.
What we advise on
- Development and forward funding of schemes.
- Structuring of platforms for operation of schemes including propco/opco models.
- Planning advice from application stage through to complex Section 106 Agreements which often include viability testing and review.
- Tax advice including efficient structuring to mitigate risk in BTR schemes.
- Golden brick disposals to affordable housing providers in relation to the required affordable housing element of a scheme.
- Construction advice including the more traditional design and build model alongside construction management packages and investor protection via warranties and latent defects policies.
- Buying and selling of stabilised assets.
BTR at a glance - helping you get to grips with the terminology and key concepts behind this rapidly evolving market.
Forsters has advised specialist Build to Rent and student accommodation developer HG Living on a development and funding agreement in respect of a 306 unit residential scheme at Bowback House Milton Keynes.
On our latest More Than Law podcast, host Miri Stickland is joined by three members of our Build to Rent group who provide their insights into the sector.
Podcast host, Miri Stickland, talks to Construction partner Andrew Parker, associate Dan Cudlipp and Property Litigation associate Sarah Heatley about the findings and recommendations so far from the ongoing Grenfell inquiry, new legislation coming forward in the form of the Building Safety Bill, practical issues being encountered on sales and refinancings of high-rise residential units and what options may be available to cover the costs of any remediation works required.
31st October 2019 was not necessarily as auspicious as expected by many, but it was a day of discussion on build to rent at the UKAA annual conference.
On 4 July, representatives from arguably the majority of the UK’s Build to Rent sector assembled at the offices of Ashurst for a roundtable to discuss “Beyond the Hype: The Real Importance of Wellness in the BTR Sector”. Here are some thoughts on a wide ranging discussion (held under Chatham House Rules).
Weren't at the BTR Annual Bisnow Conference? Here’s what you need to know.