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Build to Rent scheme gets green light

The Negotiator

Bristol City Centre build-to-rent imageBristol City Council has approved a 255 unit Build to Rent (BTR) scheme, ‘ND7’, in Bristol city centre, the first BTR development to receive planning committee support in Bristol.

The scheme will provide high-quality homes for elective renters, offering a level of flexibility and choice that currently isn’t available in Bristol. The scheme will champion the rights of tenants, offering longer and more flexible tenancies with no hidden fees and long-term certainty over rental levels, making renting a more affordable and active choice.

Dan Batterton, BTR Fund Manager, LGIM Real Assets, says, “In Bristol there are increasing numbers of people needing to rent and an urgent need for high density, city centre, rental accommodation. It is great news that this innovative scheme has been approved by Bristol City Council, who recognise that ND7 will make a major contribution towards Bristol’s rental housing supply.”

April 10, 2017

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