34-storey block of flats set to dominate new Build To Rent scheme

19 January 2021 | Renting

34-storey block of flats set to dominate new Build To Rent scheme

A Build To Rent scheme of 322 flats will include a 34 storey tower, it’s been revealed.

Developer and property management firm Watkin Jones says it has acquired the site for the scheme in Lewisham, south London; in addition to the BTR units there will be 43 affordable apartments, plus what the firm calls “affordable commercial space targeted at local businesses.”

The tower is set to make “a striking addition to the skyline of a vibrant community” says Watkin Jones. 

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There will be a gym, shared community space and residents’ lounge, plus a roof-top sky deck, “from which members of the local community as well as tenants will be able to enjoy breath taking views of the capital.”

Chief investment officer of the firm, Alex Pease, says: “By delivering a brilliant living environment for a wide range of tenants and well thought-through investment to the local area, this development offers a glimpse of the future of living.” 

He continues: “It is also a great example of how Build To Rent is coming of age. With record levels of investment, consistently high occupancy rates and low arrears, recent events have brought the sector’s appeal into sharp focus for investors and consumers alike. Our unique combination of investment expertise, market and operational insight and delivery capability makes us uniquely positioned to lead this transformation and the wider growth of the residential for rent market.”

This post has originally been featured in Letting Agent Today.