build to rent, build to rent operator

Rise Homes has appointed Ringley Group to oversee the launch and stabilisation of its £15m Greyfriars Build to Rent development in Coventry. Recently completed, the Greyfriars scheme has 85 fully furnished Build to Rent homes – a mix of one, two and three bedroom apartments. There are also a small number of Serviced Apartments available for business visitors.

Fully furnished to a high standard, the apartments include instantly available 100mbps broadband and benefit from professional management provided by Ringley Group. Residents at Greyfriars will also benefit from the use of a resident’s app powered by Busy Living, Ringley’s cloud-based platform. The software can be white-labelled enabling users to brand it as they wish – while also offering a customer-facing app alongside the digital back-end.

Ringley Group is responsible for mobilisation, lease up, onward operation, site staff recruitment, rent collection and tenancy management. To speed up and simplify the lease up process at Greyfriars, Ringley will use its automated lettings platform – PlanetRent – which automates key processes such as marketing, compliance and tenancy renewals.

Ringley, which has advised major investors such as Curlew, Grosvenor and Moda Living, has previously been appointed by Rise Homes to support the lease up of The Mailbox, the company’s Build to Rent development in Stockport. The 117-home scheme, which also includes 12,500 sq ft of flexible office space for businesses of all sizes, is now fully let despite launching last year during the pandemic. Ringley was also appointed by Rise Homes on The Depot, its fully let 92-home Build to Rent project on Princess Parkway, Manchester.

Backed by AIM-listed asset manager Gresham House, Rise Homes specialises in developing private rental housing for working people. The company has Build to Rent developments on-site in Sheffield, Wolverhampton and a second phase at The Depot in Manchester, as well as a site in Leeds and is the preferred investor and developer for the residential component of the Stockport Interchange redevelopment.