Proptech solution launched for build-to-rent schemes
Centrick has launched a platform which lays claim to be “the only truly end-to-end build-to-rent (BTR) solution for property developers and funds”.
VICI is being rolled out at international real estate conference MIPIM, which takes place this week in Cannes, France. The service spans development marketing, tenant acquisition, and building management and maintenance.
Centrick’s founder James Ackrill said: “Centrick has extensive experience in the BTR sector and this new, dedicated division will work alongside developers and funds operating in the rapidly expanding build-to-rent sector.
“Investment in BTR has soared in recent years and it has the potential to grow significantly in cities and towns right across the UK.”
A recent report by the British Property Federation showed that the UK BTR sector grew by 15% between Q3 2021 and Q3 2022. Regional BTR grew at almost triple the pace of London – 20% vs 7% – in the same period.
The number of BTR homes either completed, under construction, or in planning now stands at over 240,000.
Neelam Saihjpal, who joined Centrick last month to lead the VICI division, said: “Centrick has been delivering solutions and services for BTR clients for many years and has successfully managed a number of BTR sites.
“Crucially, we’re not just advising clients, we’re operational experts at every stage, letting and managing these developments with a strong focus on community engagement.”