Developer launches £1bn build-to-rent platform

Property developer Godwin Developments has announced the launch of a nationwide build-to-rent (BTR) platform.

Working as an equity investor in partnership alongside a leading institutional real estate partner, Godwin has ambitious plans to build a portfolio valued at more than £1 billion.

The joint venture will target both the single-family and multi-family BTR sectors.

According to the firm, the strategy will enable Godwin to leverage its strong track record across acquisition, planning and delivery while rapidly scaling its operations in the sector.

In the near-term, the JV partnership is aiming to develop its BTR proposition through the acquisition of both standing and forward funded stock, as well as unlocking new land opportunities.

It will focus on creating high-quality, professionally managed homes that will appeal to residents of all ages and life stages – from singles and sharers, to couples, families, and downsizers.

Recent research by the British Property Federation and Savills estimated the BTR sector to be worth £170 billion by 2032, with completed BTR homes projected to increase fivefold over the next decade.

Stephen Pratt, director and co-founder of Godwin Developments, said: “We are thrilled to announce the next step in our growth ambitions in the BTR sector.

“BTR has proven itself to be a highly defensive asset class and is rapidly establishing itself as a real alternative to home ownership, delivering an opportunity to alleviate the shortage of housing across the country.

“This launch is truly transformational for our business, and we look forward to growing our portfolio nationwide, adding value for residents, housebuilders, landowners, local authorities and other stakeholders using our expertise and unique ability to deliver, market and manage schemes across the development lifecycle.”