Build To Rent provider targets suburbs of smaller urban centres

Build To Rent provider Wise Living is to deliver 90 new homes in two small schemes alongside an existing development of 75 units.

The schemes are in Mansfield and are set to complete in the autumn. 

Commenting on the growing number of sites in Mansfield, Wise Living’s land and partnerships director Mark Gratton says: “Regardless of the impact of the pandemic, we have continued to see high demand within the build-to-rent market during the last 18 months. 

“The East Midlands is a key region in our strategy, and we know renters in Mansfield want quality family homes with easy access to key amenities - you only have to look at the success of The Old Brewery in 2021 to see how high demand is.

“This announcement marks our growing portfolio in Mansfield and alongside our key partners, Strata Homes and Keon Homes, we have plans in place to continue to provide high-quality rental properties in areas of cities and towns where there is high demand, but a clear under supply to meet it.

“Our own research in 2021, showed that almost half of UK renters want to li ve in areas that have easier access to green space - so we know it’s locations like here in Mansfield where people want to live. 

“Working with like-minded housing developers is a core part of our model and we are delighted to be delivering these two much needed sites to Mansfield alongside Strata and Keon.”

The announcement continues a string of BTR developments that Wise Living has delivered to suburban areas of smaller cities and large towns during the last few years. 

This includes Wolverhampton, Coventry, Boston, Rotherham and Birkenhead.

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