With housing supply failing to meet demand, and the rapid growth of the private rented sector over the last 15 years, overtaking the social housing sector as the second largest tenure in England, the British Property Federation (BPF) has announced the creation of a new committee to focus on the promotion of the emerging build-to-rent sector.
The committee will push for build-to-rent to be embraced as an important part of the solution to the housing crisis, promoting it to the government and other stakeholders, including consumers.
It will be formed as a sub-set of the BPF’s residential committee, and will be chaired by Andrew Stanford – the UK residential fund manager at LaSalle Investment Management, and the former head of the government’s private rented sector taskforce. Adam Russell, the acquisitions manager at FizzyLiving, will act as vice-chair.
The committee will work to ensure continued support from both local and central government, creating the right conditions to encourage investment and bring forward the delivery of this new housing product.
Andrew Stanford said: “Build-to-rent fits so well with so many of the new government’s priorities, delivering new supply of quality rented homes, accelerating the speed of housing development, making good use of brownfield sites, supporting placemaking and meeting customer needs.”