De­vel­oper bet­ting on build-to-rent

Yorkshire Post - Property - - PROPERTY -

AS Crispin Lofts be­comes the big­gest ever build-to-rent scheme in Leeds, the de­vel­oper re­ju­ve­nat­ing the land­mark build­ing on the cor­ner of North Street and New York Road is pre­dict­ing more schemes will be built exclusively for the rentals mar­ket in the fu­ture.

Leeds-based Rush­bond Group has com­mit­ted to build­ing 82 apart­ments solely for the rentals mar­ket as part of a long-term strat­egy.

Jonathan Maud, man­ag­ing di­rec­tor of Rush­bond, ex­plains: “We have taken a unique ap­proach to this project and will not be re­leas­ing the apart­ments for sale as we be­lieve that the rentals mar­ket will con­tinue to go from strength to strength over the next five to ten years.”

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