The UK’s second-largest property company, British Land, is planning to push into the “build-to-rent” market as it looks to attract income from London’s growing number of renters.
Publishing its full-year results on Thursday, British Land said building and managing rental property would be one of its focuses, with potential for development near Ealing in west London and at its planned£4bn redevelopment in Rotherhithe in the south-east of the city.
The UK’s £1tn residential rental sector is currently dominated by small landlords, but in recent years institutional investors have begun developing purpose-built blocks to let out.
