UK: Native Residential has been appointed to operate two new BTR assets, Poplin in Manchester and The Gardens in Durham.
Due to open later this year, Poplin is part of Cheyne Capital’s Impact Real Estate strategy, which addresses the chronic shortage of housing solutions for under-served groups in the UK. The development is named after the material poplin, which was used to manufacture coats on the scheme’s site during the Second World War.
The scheme includes 144 one-, two- and three-bedroom apartments. It provides homes for local key workers, with 35 per cent offered at discounted rents, with capped rental increases.
Poplin includes 3,500 square feet ft of amenities including a residents’ lounge, coworking spaces, private dining room, and a communal roof terrace with a stunning view of Manchester.
Jack Greenhalf, head of development at Cheyne Capital, said: “Poplin is our latest Build to Rent asset and we’re delighted to work with an operator who is as devoted to quality management and the resident experience as Native Residential. We believe they have the expertise and track record we need to create communities across the UK. This partnership will bring an exciting development to central Manchester and provide not only quality, but also affordable, rental homes in a characterful and community-centred environment.”
Durham County Council has appointed Native Residential to operate The Gardens, the BTR element of Milburngate, a 450,000 square foot mixed-use neighbourhood with office, retail, leisure and residential space. The Gardens includes 153 apartments, with amenities including rooftop terraces overlooking Durham’s historic skyline. The scheme will welcome its first residents in spring 2023.
The wider Milburngate neighbourhood will include 230,000 square feet of grade A office space and more than 60,000 square feet of retail and leisure space, alongside a 92-key Premier Inn. It has been developed in a partnership between Arlington Real Estate and Richardson.
“We are very excited to have secured Poplin and The Gardens – two very important schemes, offering something unique for both Manchester and Durham. At Native Residential we pride ourselves on delivering exceptional service for our clients and we have no doubt that these new communities will thrive under our operation,” said Rajiv Mehta, director of operations UK at Native Residential.
