Chameleon Group are appointed to sell The Harriers in Kingston Upon Thames, on a bulk forward purchase basis to the Build to Rent market.

This collection of 60 brand new apartments in 4 blocks is situated in a tree-lined road, in a highly sort after area, which benefits from close proximity to both the River Thames (750 metres), Kingston shopping centre, Surbiton high street, and Hampton Court. The development is situated opposite Kingston University London Penrhyn Road Campus, and is walking distance to both Kingston and Surbiton stations.

There has been a surge in the volume of specific Build to Rent transactions, as projects already under construction are targeting the Built To Rent market place. Data from the British Property Federation, shows that the total number of BTR homes under construction across the U.K. has increased by nearly 40% in the past year. There are now 139,508 BTR homes complete, under construction and in planning across the U.K. – an increase of 22% over the last year. The number of homes completed and in planning have also increased by 29% and 10% respectively.

The surge follows other government housing policy changes, such as the revised National Planning Policy Framework that now references Build To Rent, and provides special guidance for local authorities when dealing with planning applications, from the sector.

The British Property Federation says that, as BTR continues to grow, it has also been able to diversify its offer with 15% of schemes in the pipeline, including houses, rather than just typical high-rise apartments. Only last year, the Prime Minister called for the entire private rental sector, including both Buy To Let and Build To Rent, to provide longer-term ‘family-friendly’ tenancies, shining light on the opportunity for institutional buyers to capitalise on.

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