Biggest BTR scheme outside of London unveiled
Corporate landlord Grainger plc has unveiled a new build-to-rent development in Manchester.
Clippers Quay is the biggest purpose-built rental housing scheme outside of London.
Grainger plc is targeting the mid-market, with apartments requiring an average annual household income of £27,000.
Prices for a one-bed apartment start at £900pcm.
The corporate landlord runs a “stay as long as you want policy” with optional long-term tenancies.
The company’s schemes are managed by Grainger directly, with an on-site professional management and concierge team.
Helen Gordon, chief executive at Grainger plc, said: “The affordability and quality of housing in the UK remains a key issue, especially for renters.
“Grainger’s aim is to provide professionally managed, purpose-built, high-quality homes with a range of extra on-site facilities, such as gym, lounge and WiFi, free for all residents to use while still being affordable to people on ordinary incomes.
“For many key workers in the public sector or young professionals who have just graduated, a good quality rental home close to work can often feel out of reach financially, pushing them to live further and further out, which harms productivity by forcing people into longer and longer commutes.”