BTR investment in Q1 marks a strong start to 2025

UK Build to Rent (BTR) investment volumes in Q1 2025 totaled £735.3m, according to preliminary data from global real estate advisor, CBRE, with investment into the sector up almost 40%, compared with the same period last year.

According to CBRE, several stabilised assets transacted in Q1, which could serve to underpin investment volumes throughout 2025. In addition, three forward funding deals totaling £420m transacted in just two weeks across Manchester, Leeds and London.

Transactions included the acquisition of the 51-storey, 494 apartment development in Renaker’s New Jackson area of Deansgate, Manchester, by a partnership between L&G, Nest and PGGM, known as F1. In Leeds, global asset management firm, Barings, agreed a £152m forward funding deal with Glenbrook for a 618 residential led mixed-use scheme at Kirkstall Road. Finally, in London, Goodstone agreed a £116m forward funding deal with the Hill/Peabody partnership for a 360-unit scheme in Dagenham Green.

The pipeline also points to strong momentum for the remainder of the year, with a total of £1.4bn of transactions under offer, which is broadly evenly spread across multifamily and single-family assets and development land.